Trading can ruin you

[Kara3]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

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[Mr.suevie]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Thank GOD you know this yourself that trading can be destructive as well as productive as it can be. Trading sometimes is done by naive people that feels you can just make millions overnight through this act but they don't know trading is something we actually need to play about and it takes year of study to actually fully understand the whole ethics and principle techniques behind trading successfully.

[sheenshane]

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

When I started trading, it took years before I decided to join in trading and try my luck, and of course, I had enough knowledge of trading at that time already.  But to tell you this, that's not enough reason why I pursue trading because I know even though experts in trading may also experience losses due to the market being unpredictable.

Good thing that you've realized now.
But still, you can try your luck at an amount that you can afford to lose.  Keep in mind that trading isn't a good source of income, and the chances of losing your fund are likely possible.

[Sexylizzy2813]

Business, trading whatever the case maybe just know that it has to do with taking risk and it mustn't be profitable all the time. You have to also have someone who's in the market before you to at least coach you through, give you some words of advise, not that because you think you know or have an idea of trading that you can do it on your own. Ones you have someone to guide you then I don't think it will ruin you.
Even when you have that experience you still need a strategy to follow, because having a strategy will help you more than you could ever imagine. Sometimes those you refer to as "newbies" might be doing quite well more than yourself so is best to take advise from different sources just to be on the safer side.

[SatoPrincess]

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Does TA even work? The art of trading is something that baffles me as I try to understand it. I advise new traders not to start with futures trading, it’s the easiest way to get liquidated. Like you said in the OP a more practical approach would be to buy, hodl and sell at a profit. Although this process is slow and is not the kind of perceptive presented to newbies by “professional traders” on the internet.

[hd49728]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it

If you are greed, you will make bad decisions and in trading, if you are more greed, you lose more money.

Because when you are greed, you will more likely ignore risk from fundamental to technical, then make a trading position without careful analysis and thinking as well as enough risk management. Unavoidably you will be killed by the market and greed traders usually will try to revenge the market after one or few losses. This response only cause them more losses till they have nothing to lose.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Even you know about fundamental and technical analysis, you can still be ruined by trading. From knowledge to practice, it's a long journey and many big differences in between.

[mk4]

People simply underestimate how hard it is. I've had shorts in the past that I was pretty sure I was right (I was directionally right though) but end up getting burned anyway by those scam wicks. Or maybe my risk control just sucks I guess.

[Tuturtinular]

In trading, not only analytical skills are needed but also mental skills. When I first started trading, I often made mistakes and was greedy, when I was in a profitable position, sometimes I wanted more profits and in the end the market changed and my trades became negative.

I used to think that trading would make me rich quickly but it turned out to be wrong, maybe occasionally I could get a profit of more than 50% but that was something that rarely happened. Now I only set a profit of 2% - 5%, and will stop when I get a profit, I will leave the house and do activities, this is important so that my mind remains clear

[Sebas.tian]

 Crypto trading is different from other trading, which many newbies don't understand and they are not ready to know because they feel like once you have idea on fiat investment you can trade easily with crypto to start making millions which it has lead many newbies into losses because they refused to learn. Purchasing coins when the lights is red and the price is low at the moment is the best period for any potential traders to purchase potential coins and hold for the time of bullish to come before they can sell. As a newbies don't invest what you can't afford to lose when some challenges appear, because the price of the market can remain low to make traders to start panicking because decentralized currency is unpredictable.

[Don Pedro Dinero]

Trading is most times profitable <...>

This is simply not true.

Does TA even work?

Not really. It 'works' sometimes and sometimes it does not. What it does serve to fill the pockets of those who give trading courses, influencers and so on.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

In general, short-term trading is a bad idea. If it is with futures even more so, and if you use leverage even more so as you are more likely to lose everything.

[BlackBoss_]

People simply underestimate how hard it is. I've had shorts in the past that I was pretty sure I was right (I was directionally right though) but end up getting burned anyway by those scam wicks. Or maybe my risk control just sucks I guess.

Scam wicks are terrible and a trader can lose very big with scam projects. It is a hardest experience for any trader if they touch altcoins and trade those shitcoins.

Trading is already risky but if they trade altcoins, they have bigger risk by scam wicks, arbitrary minting more new tokens like Do Kwon did with Terra $LUNA tokens in May 2022. They can suddenly lose all if those project owners rug pull and drain out liquidity pools.

Without scams, trading is already risky and hard to get profit with it in a long run.

[michellee]

Trading without having analytical skills can cause losses for you. So before you start trading, at least you can analyze to find the coins. In learning to analyze, you must always practice what you learn to improve your analytical skills.

And if you are not familiar with trading spots, you don't need to try trading futures because it will be even more difficult. The price of coins on the market can change direction instantly, so if you can't analyze it well, you might experience a loss. It could drain your capital in future trades.

But if you are familiar with analyzing spot trading and finding coins to trade, you can have a chance to make a profit. But you must remember that trading requires continuous learning to improve your analytical skills.

[Rockstarguy]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Cryptocurrency is not as easy the way people thinks but people still go into thinking they can trade and make profit by luck, cryptocurrency is not like gambling that profit can be gained by luck sometimes. If you don't understand cryptocurrency it is impossible to make profit from trading. I think the reason beginners always fall into this big shit of losing money in trading is because they feel too lazy to learn and it can be done so good with their ordinary understanding.  

To make it trading experience is needed so much, but beginners don't consider this as important.  Knowledge in trading is as important just like the capital that will be use for trading , Knowledge and the  money involve in trading works together.

[Salahmu]

Unlike cryptocurrency which you can use a basic knowledge to acquire and hold for long time with a rest of mind, while trading works on the opposite of holding, before going into trading you must be very knowledgeable enough by understanding the concept, Fundamentals and Technical analysis of the market before venturing into it, especially the beginners one of things that influence them is the profits ratios of trading so most of them believe that since other persons are making a huge profit from theretrading they can as well make the same profit themselves while trading without the plans to consider acquiring the knowledge first, that's why they easily get there account blown, the only way to bit trading is acquiring knowledge and sometimes even with all the knowledge acquired will not guarantee 100 percent trading accuracy.

[Z390]

The easiest way of making money from crypto is buying and holding for the long term, with no stress whatsoever, trading comes with lots of stress and as a newbie, you need to learn a lot about trading before trying it out.

You need to get the right equipment that will give you signals, the truth is these software are not always free, they are premium which requires you to purchase them if you truly want to make money from trading.

Trading without any experience is like Buying Bitcoin at an all-time high and waiting for it to reach the 100,000 dollars mark, meaning you are blind without your walking stick, and you have no clue about what you are doing.

Having money without the proper knowledge will make you lose a lot of money, you need to sacrifice some time for learning only, and trading takes months to get good at it.

[lovesmayfamilis]

An interesting statistic is that many people who try to start trading have given up trading and are now ardent heralds against this activity. But another thing is interesting: people still try their luck, try, make mistakes, try again, and make mistakes again. Those who do not want to take risks pass by, reaping the bad experience. Nevertheless, someone goes to success.
It's all about letting people make their mistakes. We do not have the right to dissuade everyone. Life and experience become the best advisor, and maybe out of a hundred who try, one will be the lucky one who will say that I was born to be a trader.

[Taskford]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Trading will be terrible for a person who doesn't have good contentment in life and always think about huge profit in line. If you always aware about huge risk then think about securing a profit when your trades became bullish then you will be fine with that. Since you might doing a bad trade if you still insist and look for more bigger profit since we know how the market moves fast than we think.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

If they want to test out the market by hodling then this might be good for them so that they can see the every situation happening in the market and see the result of what they have done for long term. But only few newbies can able to do this since majority of them are their for fast cash grab and they think that they can easily earn huge money on crypto in more faster way but they don't able to consider the risk and just late to come here to find some good feedbacks about things they execute on their trading sessions.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

It may be not good to advice for newbie to go on futures trading since the risk to lose is huge their and theirs no coming back if their capital is burned, Maybe they should stick on spot trading for a while to know more about the market technicalities and can able to hold their bought token if bad times happen to them.

[Die_empty]

An interesting statistic is that many people who try to start trading have given up trading and are now ardent heralds against this activity. But another thing is interesting: people still try their luck, try, make mistakes, try again, and make mistakes again. Those who do not want to take risks pass by, reaping the bad experience. Nevertheless, someone goes to success.
It's all about letting people make their mistakes. We do not have the right to dissuade everyone. Life and experience become the best advisor, and maybe out of a hundred who try, one will be the lucky one who will say that I was born to be a trader.

I think you have a good point. Social media has made learning easy and anybody can acquire any form of skills or expertise. There has also been an increase in so-called trading gurus who claim to know all the rudiments of crypto trading. They teach trading as if there is no risk or losses. Recently one of these online teachers introduced a trading robot to his followers and told them that it has 98% accuracy. Like you said experience will always be the best teacher. With time many of these traders will know the true reality of the trading industry. Many of them will abandon the profession, while others who keep learning will gradually master the skills of trading.

[348Judah]

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

If the advanced industries and professional trading organizations are making trades and yet failing, then anyone can also have same experience, but we can minimize the extent of this through our own knowledge and understanding of how to trade, there are individuals that perform trades and make this at the lowest risk being involved because of the extent to which they understand trading, if we can take time to know about trading, it types and various indications needed to track and speculate the market, this will draw us closer to the positive side of it than being widely exposed to the risk involved.

[edmundduke]

Trading is most times profitable and sometimes challenging to traders

I agree with what you said but i will make a point on the first part of what you said. In fact 95-99% of all traders loose money. A extremely small % of traders make money. So it would instead be: Trading is usually not profitable and always challenging.
Its a 0 sum game out there and most of the people joining in have no idea what they are doing. Its as bad a sgambling if not worse.

[TravelMug]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Just to be fair, anything in crypto has risk though, specially in trading because we all know how volatile the market is and we don't know what and where the price will go and then you have to look at a lot of factors. There could be trading bot that can help you, but still it's not enough if you don't have the experience yet under your belt.

And if you will hear successful crypto traders, they are in unison that it is really very hard in the beginning and it will take years and years to be able to make a profit and be a successful trader. Others compare it to gambling because of the huge risk involved.

[Rruchi man]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

No matter how much this is said and re-said, some people will still like to have their own experience. They will never take your word for it and have the believe that you are only saying so because you were not lucky enough when you started trading. This is the same thing as when you explain to someone who has never gambled that you barely win your bets, some look at you, and the thought that runs through the head of some of them is that, if it were them, they could never be that unlucky, so some people interested in trading and new to it never really take the warning of being sure before they start live trading with money as important, because some believe that they are lucky enough to not start loosing when they start trading.

Luck has little to do with trading when compared to the required skills. You cannot be too lucky to start trading without skills and make profit from just luck alone, the skill is the first essential ingredient. 

[Mayor of ogba]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experiences while trading and I discovered that it can return you to square one in terms of your finances if precautions are not taken.

Though am a better trader now, I still tread with caution,  the best way for a newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future markets, newbies should stay off because it's for experienced traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no-go area based on their terrible experience while trading.

So newbie, stay off trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Remember not only you are trading the crypto market, but everyone trading it is looking for those who will make mistakes so that can make a profit. Even when you know your technical analysis or fundamental analysis you can still be at a loss in trading if you don't adopt a trading strategy that will kill your greed and protect you in the crypto market by making you take a profit in trading anytime you see profits.

[yudi09]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

-snip-

Trading is very often profitable. That is not true.
The advice has to be repeated many times that trading without knowing the loopholes will result in losses. I think no one would be willing to trade as soon as possible if trading methods and strategies did not exist. No matter how stupid a person is, they don't want to experience an incident that could lose them money.

If trading can destroy many people if they don't know how, teach them totally what they should do in learning how to trade so that they have a bad experience by providing free or paid training for beginners in the field of trading in your area because by just saying it in writing like here, that's not all. understand reading well because of language constraints.

[lionheart78]

In trading, it just needs a couple of bad decisions to ruin a person's finances.  Like shorting trades in hopes of buying at a lower price but the market skyrocketed leaving a trader in shock and is forced to re-enter at a higher price, then all of a sudden the market collapsed.   There is indeed a risk of ruin in trading and if someone wants a good read about it and wants some tips on how to avoid it, you can check this link: https://www.quantifiedstrategies.com/risk-of-ruin-in-trading/

[Japinat]

Newbies are not actually supposed to trade because they lack the knowledge and skills required to trade but that's not what happening nowadays. In fact, most of these newbies suicide to enter trading because of their hunger of profits, not realizing that while trading can be the best source of massive profits, it could also be the easiest way to get you mocked in trading. Good thing OP you know your place when it comes to trading.

[Johnyz]

Newbies are not actually supposed to trade because they lack the knowledge and skills required to trade but that's not what happening nowadays. In fact, most of these newbies suicide to enter trading because of their hunger of profits, not realizing that while trading can be the best source of massive profits, it could also be the easiest way to get you mocked in trading. Good thing OP you know your place when it comes to trading.

They are more prone to losses than to make money so I agree that newbies should not trade yet and they should undergo first with trainings and understanding the market. Trading is too risky and even if you are already good you can’t still escape the losing streak so for all the newbies, there is no need to rush in the market you just have to take this slowly but surely and when you are already ok, you can start trading using your own strategy.

[goaldigger]

Newbies are not actually supposed to trade because they lack the knowledge and skills required to trade but that's not what happening nowadays. In fact, most of these newbies suicide to enter trading because of their hunger of profits, not realizing that while trading can be the best source of massive profits, it could also be the easiest way to get you mocked in trading. Good thing OP you know your place when it comes to trading.

They are more prone to losses than to make money so I agree that newbies should not trade yet and they should undergo first with trainings and understanding the market. Trading is too risky and even if you are already good you can’t still escape the losing streak so for all the newbies, there is no need to rush in the market you just have to take this slowly but surely and when you are already ok, you can start trading using your own strategy.

Being too emotional in trading is not ok, because you should trade based on your own strategy and not based on your emotion, newbies are being more emotional here. If you have the reason to take trading seriously then its better though of course newbies can still trade since its part of the learning process but its better if they will trade small first and just increase it once they already have the experience and knowledge about trading.

[lalabotax]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

That's what trading is like. Trading has two sides, where one side can make you make money and the other side, on the contrary, makes you lose money. How you get it will depend on how you prepare and do it. Trading, every time we talk about this, we definitely understand that trading is very high risk. So, don't just think about the money you will make from trading, but also think about the risks that could ruin you. This is not to scare you but to make you more alert and careful so you can prepare yourself better. Seek knowledge first about trading knowledge and understand it, and prepare everything carefully, both financially and emotionally. This will be much better than just being reckless.

[jeraldskie11]

Newbies are not actually supposed to trade because they lack the knowledge and skills required to trade but that's not what happening nowadays. In fact, most of these newbies suicide to enter trading because of their hunger of profits, not realizing that while trading can be the best source of massive profits, it could also be the easiest way to get you mocked in trading. Good thing OP you know your place when it comes to trading.

They are more prone to losses than to make money so I agree that newbies should not trade yet and they should undergo first with trainings and understanding the market. Trading is too risky and even if you are already good you can’t still escape the losing streak so for all the newbies, there is no need to rush in the market you just have to take this slowly but surely and when you are already ok, you can start trading using your own strategy.

Being too emotional in trading is not ok, because you should trade based on your own strategy and not based on your emotion, newbies are being more emotional here. If you have the reason to take trading seriously then its better though of course newbies can still trade since its part of the learning process but its better if they will trade small first and just increase it once they already have the experience and knowledge about trading.

When you trade, it always involved an emotion because it includes money in it. So it's normal to have an emotion if you trade. But if we trade and let our emotion decide on our trade, it will ruin our funds and sometimes we didn't notice that our emotion is in-controlled. So in order to learn how to manage our emotion, you have to be disciplined person and it's better to read some trading books such as "Trading In The Zone" and "Atomic Habits".

[TelolettOm]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Trading requires good knowledge, it is always too risky for people who trade without proper knowledge.
I also have a bad experience in trading. At that time, I think it was easy to trade shitcoins but it actually was most difficult coins to trade. I lost few hundred dollars, I got a lesson to never trade any random coins. I realize to do that mistake because I still has lack knowledge about how shitcoins works.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.

Every trade both experienced and beginner, knows this. Selling time is when the price increases.
However, it always won't be easy to predict when the price increases. To have a good ability in predicting the pump/dump, it requires technical and fundamental analysis.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Trading future is almost the same as gambling. I never tried trading future although I already trade many years. Not only newbies, even experienced traders may not join it because it is too risky. If you want a safer trading, you are better to choose spot trading.

[radjie]

Newbies are not actually supposed to trade because they lack the knowledge and skills required to trade but that's not what happening nowadays. In fact, most of these newbies suicide to enter trading because of their hunger of profits, not realizing that while trading can be the best source of massive profits, it could also be the easiest way to get you mocked in trading. Good thing OP you know your place when it comes to trading.

Most beginners might think that by trading they can make more profits in a simple way in this field, buying and selling when they make a profit.
In fact, beginners lose a lot in trading because they are impatient and don't want to wait until their profit target can be achieved.  Apart from that, many beginners are frustrated and not used to dealing with bear markets

[jasonjm]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

While trading, it is important to proceed with caution, as the chances of losing money are more than earning, and most traders lose a significant amount of money. They will continue trading in the hope that at some point, they will make a profit. Most people lose money in future trading, in spot trading, the chances of losing money are less, and so does the profit margin.

the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.

This is the ultimate advice for all investors, "buy low and sell high." But newbies usually don't have patience and want to earn more in a limited time frame.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Newcomers usually don't follow the advice and still put their money in future trading until they lose their money. They don't realise how valuable this advice/suggestion is.

[Hypnosis00]

That is why we should learn trading first using demo accounts or get someone to teach us before starting otherwise, we are just like gambling. Trading is profitable indeed if we are really good at this but yes, can ruin our finances if we underestimate it. Many people tried this and ended up failing because of some reason. We can't just take this because someone told us that trading is easy and profitable, we also must know ourselves if we are capable enough to do this, or else, we can be like those many traders who tried and lost their money.

[gunhell16]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Well, at least at this point, you said that you know that futures trading is not possible for those who do not know how to read analysis charts and graphs. Just keep doing your research and learning about crypto trading. As long as you persevere, you will achieve what you want to know here. It doesn't matter how slow you are, as long as the important thing is that there is growth from you in terms of knowledge.

Because if you don't really know or have any idea about trading, don't expect that the capital you use here will grow. It's no different than going into a war where you don't even have a weapon to fight the enemy. It seems to be the same with crypto trading.

[AnonBitCoiner]

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.

Holding  is good start for newbies and the mean time newbie should learn the difference changes in the market and how to trade with according to market. I will recommend to use small fund for spot trading and trade only btc and other big marketcap coins where volatility is low. This start will gives newbie to learn many new things and then enter to the real trading.

When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

I think the best trader could also loss If necessary precautions step doesn't take because market is unpredictable and one big rise or drop opposite to the trade could ruin our portfolio. experience traders profit rate us high the newbie but future trading is very complex and work only market condition remain normal. In the sudden change in the market because of any news or other factor ,experience traders strategies will also don't allign with market movement.

[avp2306]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

If they don't have good knowledge to start its better that they should not trade any coins in the market. Much better if they start using those sites which offer demo trading so they can learn something before trying to risk their money on this activity. We need to gain a lot of knowledge because if we make all fast since we immediately want to earn for sure we will just experience heavy lose from this.

Much better for us to take all slow and try to research all important information that need to consider before we start so that we will not expect huge on the coins we are trying to trade. Aside from capital we need to be prepared and have knowledge about basic fundamentals and how manipulators used the hype for their own gains so that we can possibly earn from our executed trades.

[Learn Bitcoin]

When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

Future trading is more like gambling because you must act quickly according to the market movement. Even if newbies start future trading, they should not take more than 5x leverage, while pro traders take a lot of risks, like 20x. Utilizing stop loss and take profit is also essential for newbie traders as these features minimize the chance of loss.

However, I do not suggest anyone to start future trading. Even if they are veteran traders, I still suggest avoiding future trade. It's better to buy coins and hold it until you get your desired price to take the profit.

[TheUltraElite]

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

The only trading is Spot trading. Anything other than spot is a gamble. Not going into word jugglery, futures, leverage and anything all come under the second group. If you wish to make money on buy low and sell high, do spot.

I dont agree with
1. Trading is profitable - it can be, but not for everyone. Very niche number of traders actually profit.
2. Newbies cannot win big - they can if they catch these early on and trade on the correct coin at the correct time.

So looking forward, stick to spot trading on bitcoin on long term. That is the safest method of trading.

[Dickiy]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Well, at least at this point, you said that you know that futures trading is not possible for those who do not know how to read analysis charts and graphs. Just keep doing your research and learning about crypto trading. As long as you persevere, you will achieve what you want to know here. It doesn't matter how slow you are, as long as the important thing is that there is growth from you in terms of knowledge.

Because if you don't really know or have any idea about trading, don't expect that the capital you use here will grow. It's no different than going into a war where you don't even have a weapon to fight the enemy. It seems to be the same with crypto trading.

Quite reasonable, it is true, especially for beginners who have just come, it is better for them not to enter the futures trading strategy first, because of course in terms of knowledge and knowledge they are still very low and it is very unlikely for them to do futures trading as we discuss this. Of course it will be very difficult, and if they insist then it is nothing more than guessing without any knowledge and for the chance of experiencing losses will definitely be even greater. Therefore, it is true that it is better for them to learn first, do not be too ambitious to get big profits, after all, if they really want to study harder, they will one day be able to be in a position of big profits even consistently but with a note that you must always be willing to learn and improve your knowledge, nothing is impossible and stay careful.

I think they will also understand and know what to do, remember here there is indeed a great opportunity for profit but that does not mean we have to forget the big risks too. So from now on you have to be more enthusiastic about learning and prepare your best plan, don't be careless by coming with strong intentions but not bringing any fishing gear to bring that profit.

[CODE200]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Trading is not as easy as other people think. And yes, trading can ruin us if we are not equipped with proper knowledge and skills. There are a lot of things that you need to consider when you wanted to start trading. You should start doing some research and study about it so you can have better grasp on what trading really is. Because from my experience, trading is not a newbie friendly and so major losses are expected if you are just a beginner and only have little experience. Another thing is that before you venture into trading, you should be financially prepared because it's either you loss or gain from it, and it's better to prepare yourself in worse case scenarios. Additionally, you must make sure that the money you will use in trading will not affect your allocated funds for more important things because this is where major problems arise. I mean we do not want to be in debt, right? so you have to use a separate funding for it to avoid such. Lastly, have your exit plan because this would help you in the long run.

[BigBos]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

The fact that it's not just a matter of buying, holding, and selling what's on the rise doesn't mean it's the easiest option when you don't know that the cryptocurrency you're buying has no value. What I mean by buying is that you need to consider many things, whether when you buy the coin it will have a good future or even after you buy the coin you have no hope of it going up in the future. Therefore, before buying, consider top coins such as Bitcoin and ETH, as top coins can have more long-term prospects.

What is meant by crushing like gambling is a trader who is mostly active in junk coins, gambles with his money as if it will pump 1000x but gets cheated.

Whether a beginner or expert trader, what must be paid attention to is understanding what he is buying.

[AicecreaME]

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

I disagree with this last statement of yours.

I mean, every single professional traders started as newbies, you would never grow any knowledge if you're not going to try your skills when it comes to trading. It is risky, yes, but it is important to get out of your comfort zone to figure out what's waiting for you in trading. I'd rather try it first than to regret it my whole life asking what ifs.

[Doan9269]

Anything we do without caution or bearing can ruine us, this is not what only applies to trading alone, when we are taking trade on any position, we should understand the pros and cons in doing so, also, it is expected that we use the value of money we can afford to loose or risk for that particular trade, however, this should not be misunderstood for gambling, each time we trade and looses, then we should retrace back our steps and know the challenges that are causing the low performance of our trading each time we enroll on any.

[kingvirtus09]

You know trading can only ruin us if you are careless in your trading activity. Especially if all you're basing it on is guesswork from reading the chart, when in reality you can't really read a chart on a graph.

But if you have a deep understanding of trading so that you know the direction it is going, it is certain that trading will not ruin you; rather, trading can give you a good profit because what you are doing is right.

[DVlog]

Most of the novice traders took losses in trading due to their greed and emotion. If your knowledge and experience are not sufficient for trading then you will learn it the hard way by taking losses, but you will learn it anyway. On the other hand if you cannot control your emotions and greed no matter how experienced you are it will have disastrous results.

You need to be physiologically strong and need to have a strategy for your trade so that no matter what happens to the market you will stick to the plan.

[shivansps]

Very good advice. It’s not often that you hear about a person’s experience that can save someone money, time and nerves. Very good advice about futures. When I started learning about crypto trading and I asked my good friend about futures, he replied that futures are where you will lose your money and until you study this concept and gain experience, don’t go there. Good advice, thanks for the article

[Awaklara]

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Beginners who don't know anything about trading either spot or futures will never be advised to start trading. the result is the perception that trading is tantamount to gambling. those who are experienced will not equate the two.

beginners will be advised to spot trade, and the best asset to choose is Bitcoin. There's nothing wrong with other assets, but do it when you have enough basic analytical skills for trading.

[shivansps]

Business, trading whatever the case maybe just know that it has to do with taking risk and it mustn't be profitable all the time. You have to also have someone who's in the market before you to at least coach you through, give you some words of advise, not that because you think you know or have an idea of trading that you can do it on your own. Ones you have someone to guide you then I don't think it will ruin you.
Even when you have that experience you still need a strategy to follow, because having a strategy will help you more than you could ever imagine. Sometimes those you refer to as "newbies" might be doing quite well more than yourself so is best to take advise from different sources just to be on the safer side.

I agree with you. If a person has someone who trades more than you and has experience, then he will save you a lot of time, money and nerves. If you listen to him of course. It has been very well noted that a person with a strategy can be more successful than a person without a strategy but with experience.
But it’s worth remembering, no matter what strategy you have, no matter how much experience you have, nothing will insure you against losing money, which will definitely happen.

[|MINER|]

Trading is profitable if you understand it.  If a new member gets involved in trading without understanding, he can face losses. And for beginners, it is right to trade in bitcoin.  There are a lot of risks in alt coin. Many experienced people are afraid of alt coin because it can lead to losing everything.  After knowing about bitcoin you should think about trading.  When to hold and when to sell should have enough idea. In addition, the bull run is coming. The trader should know about the bull run now. The bull run is a golden opportunity for all traders.

[Hamza2424]

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Haha.. I have seen one of the other topics you've created.. trade only Bitcoin and I did present my view on it as far as I think I tried my explain everything but I think you haven't read my reply as well I think OP is just creating topics He's mostly ignoring the feedbacks. Anyway, whoever is reading we are happy to discuss further.

Trading can make you a millionaire if you are a Billionaire haha, Passing all the boundaries overnight to read the goal through any other shortcut is not possible except for getting married to a Millionaire's daughter, there as well you need to have a bundle of luck. So my suggestion for those who are in psychology of being a millionaire overnight buddy is you should take sleeping pills to fulfill your dreams because reality demands sacrifice, consistency, and discipline.

Trading is not a fully destructive field it is really rewarding for those who stay consistent and dedicate their full time, because here the profit you make is from the loss of others. You need to play smart with others.

[Altryist]

I agree with you. If a person has someone who trades more than you and has experience, then he will save you a lot of time, money and nerves. If you listen to him of course. It has been very well noted that a person with a strategy can be more successful than a person without a strategy but with experience.
But it’s worth remembering, no matter what strategy you have, no matter how much experience you have, nothing will insure you against losing money, which will definitely happen.

Even if you have such a person, and he repeats the same rules to you many times, you will try to break them at some point. The reason is that you will doubt that these rules will work the same for everyone, and perhaps it will work differently for you.

This way you will gain experience in trading, and in the end everything will depend only on you, if you can develop a strategy for yourself that will bring you money, you will do it, if not, then you will leave trading.

I believe that if you develop your own list of rules and your strategy and stick to them, then trading will not cause you any trouble.

[South Park]

Business, trading whatever the case maybe just know that it has to do with taking risk and it mustn't be profitable all the time. You have to also have someone who's in the market before you to at least coach you through, give you some words of advise, not that because you think you know or have an idea of trading that you can do it on your own. Ones you have someone to guide you then I don't think it will ruin you.
Even when you have that experience you still need a strategy to follow, because having a strategy will help you more than you could ever imagine. Sometimes those you refer to as "newbies" might be doing quite well more than yourself so is best to take advise from different sources just to be on the safer side.

I agree with you. If a person has someone who trades more than you and has experience, then he will save you a lot of time, money and nerves. If you listen to him of course. It has been very well noted that a person with a strategy can be more successful than a person without a strategy but with experience.
But it’s worth remembering, no matter what strategy you have, no matter how much experience you have, nothing will insure you against losing money, which will definitely happen.

Your last sentence is something newbie traders need to read over and over again, it does not matter how good they think they are or how high their talent for trading is, at some point they will experiment losses, there is no way around it and they need to be prepared when that happens, as most of the stories you can read about good traders losing everything started with a bad trade they made, and instead of simply accepting it and moving on they refused to accept their losses and this only made their mistake bigger and bigger, until all their capital ran out.

[JunaidAzizi]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

It is good that you are aware of the risk involved in the trading and also advise the newbies or the beginners. Look trading would not give you a passive income if you are coming for it then I suggest going somewhere else because In trading up and down occurs sometimes time you will gain a lot of money but sometimes you will lose it. It requires patience and tolerance for losing funds. If you have no knowledge and experience then trading is gambling for you. Before coming to gambling it is need to be well knowledgeable and have some experience in it. Follow the strategy of buying and holding and when the price up sell it for the bull run also use DCA which also gives more benefits to you in trading. 

[kentrolla]

I just wish everyone who enters the world of trading have similar point of view because people just jump into trading without much knowledge as if it's a cash cow as trading can be profitable with proper analysis and patience but if you do it randomly then it can send you into depression once your funds are struck as it has happened with me in the past because you will be glued to the graphs especially in case of futures trading. It's better to know the basics first and have a SOP or plan about entry and exit points before getting into it.

[cabron]

If you just buy and hold til the bull run, you will have nothing to worry about since your plan is just to sell at the right price.

But if you are doing futures trading, that's when you get into trouble for there is no amount of experience that can guarantee you from losing. Remember that BTC market these days is very unpredictable. In a day you may see the price increase by 3%, the next day you'll see -5%.  Ruins your plan to get rich indeed.

[ScamViruS]

Atleast you understand the true meaning of futures market. Futures trading can drive a trader completely insane, ruining him financially and emotionally. If a trader takes some time to research the market and trade a coin then it is possible to get good results out of that trade, but it requires patience because even if you are down 20% in the spot market there is a chance of market recovery from here, so in this case time is needed.

So if a trader really wants to trade and he is not a pro level trader, then the best decision is to avoid futures, margin trading, otherwise he will ruin his life by facing losses.

[BitcoinTurk]

Although trading and being successful is based on experience unfortunately it can cause the individual to lose money under any circumstances. In particular, if this loss is equal to the entire capital amount, occurs with borrowed money, or is of a very serious amount it causes the person to be completely absolved. For this reason, we should control ourselves well while trading and the necessary trigger orders should be entered after the necessary analysis and research is carried out for each transaction. Especially when trading with spot balance controlling a person's psychology is at least as important as technical analysis because a person's psychology is a very important factor to continue trading activities.

Another important factor is that especially inexperienced individuals who are new to trading gain experience by analyzing all their transactions well during this process because the experience and psychology to be gained in this process play an important role in ensuring its continuity. Losing money without gaining any experience will affect the person financially and earning money without gaining any experience will cause the person to sink into the swamp. I would like to finish my comment by adding this quote which I love especially for friends who have just started trading;

''The worst thing that can happen to you in the financial markets is to make money on your first trade. The second thing is to make money again and the worse thing is to make money for the third time.”

This saying means that after an inexperienced person makes a profit by trading without losing money repeatedly he/she will lose more money while trading as he will have the perception of "I have succeeded, this success will continue."

[Hamphser]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Trading could really be put you up on the verge on getting wrecked completely if we do speak about finances knowing that you are really that risking out your money to be traded on which it does really have that

chance for you to get wrecked if you do really make out some bad decisions towards your trading and this is something that you should really be avoiding in the first place on which you would really be that
be able to encounter but we do know that its never been easy on dealing up with trading. You might be able to apply analysis or whatever method you would really be able to do but on the time
that you would really be to experience up those conditions on which its already that putting you up on a tough condition on which it would really be causing on boggling up your mind.

Futures? Its considered to be a gambling i should say and even some people do say that its not but the risks involved with high leverage trades isnt really that something
that you could really be make joke with.

[usekevin]

Trading is profitable if you understand it.  If a new member gets involved in trading without understanding, he can face losses. And for beginners, it is right to trade in bitcoin.  There are a lot of risks in alt coin. Many experienced people are afraid of alt coin because it can lead to losing everything.  After knowing about bitcoin you should think about trading.  When to hold and when to sell should have enough idea. In addition, the bull run is coming. The trader should know about the bull run now. The bull run is a golden opportunity for all traders.

Trading will give you enough money as the profit,if you are ready to inverse the money and ready to learn the trading.You should not get depressed by seeing the minor loss,even a game had both win or loss.So the trading also had their own point of loss and profit.The skill was the major part plays in the profit or loss,if the trader know enough knowledge in the trading.So he can get the profit even on the daily basis.Many day traders use to trade daily and get the minor profit in the trading to gain huge profit In long run.

[poodle63]

this one holds truth, trading despite looking simple isn't simple at all, you go against those billionaires who trades with massive capital and expect to get the upperhand? yes you can but hardly, only very few selects able to pull that off. otherwise it will just all about luck.
the one that thing they could go against the wave and came out profiting are those newbies that still haven't had any clue about how the market truly works, basically its the big guys profiting off the retailers and getting all that money in the market.
so think twice before making trading career, if you're not really cut it out to become good analyst based on fundamental analysis and technical analysis i think you will just lose your money.

[xSkylarx]

Both of them are destructive if you don't know how to control yourself but for newbies it is better to know spot trading first before futures because you know how trading works and will not be surprised at how fast futures trading is.

I remember before that I only knew spot trading because that is mostly what is on exchanges. We just buy a promising coin hold it for a couple of months and sell it off once the price is high. Later on I was introduced to futures trading which just got me shocked as if you hold more and the price continues to drop then for sure your money would be dead so there are things to adjust in futures trading.

[Out of mind]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Trading is always profitable if started with good knowledge and skills about it. Moreover, a trader has faced many losses in the past in order to become successful, and gradually he has become a pro at trading. Trading is not challenging for everyone, but all individuals who want to trade without knowing about trading face the most risky and challenging. I will never accept that gambling and trading are the same because they are two different things in gambling everything is lost but in trading not everything is lost but some part remains. But futures trading can definitely destroy a person, and it is possible to compare it with gambling, when a person does futures trading in the hope of high profit he has the highest risk of losing money. Of course, if you know these important things as a trader and apply them, it will be possible to make a profit. The most important trading topic, especially for newbies, they must know how to trade successfully, so they can make a profit from trading.

[Dr.Osh]

This is why people say that trading is not for everyone. Sometimes people trade just because they see other people being successful through that path, and see that trading is something easy. Without thinking about the risks, he dared to make the decision to trade without proper preparation. This sometimes makes people inappropriately choose assets to trade without doing research, or by doing research that is not in depth, so that they fall into big losses. In addition, sometimes they use their main money to trade, so when they fall, they lose everything.

[Xcode7]

This is why people say that trading is not for everyone. Sometimes people trade just because they see other people being successful through that path, and see that trading is something easy. Without thinking about the risks, he dared to make the decision to trade without proper preparation. This sometimes makes people inappropriately choose assets to trade without doing research, or by doing research that is not in depth, so that they fall into big losses. In addition, sometimes they use their main money to trade, so when they fall, they lose everything.

Everything that is done must have knowledge, this also applies to trading, especially Crypto trading which has the possibility of quick and large profits, of course there is a risk commensurate with that.
But I think it all comes down to being ready to start trading and of course if we are not ready then the trading will destroy us but don't be afraid so you don't dare to start.
I don't agree that trading is not intended for all groups because in my opinion anyone can trade as long as they have the desire to learn.

[pawanjain]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Buy low sell high is easier said than done. We all have been there and sold the coins in panic.
We should have a strong self control to stick to our targets and stay focused because during the times of high volatility, it's hard not to sell.
Staying away from futures is mandatory for newbies though. Newbies shouldn't go for futures as long as they know what they are doing.

[irhact]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Trading or gambling doesn't ruin you, you ruin yourself because you're greedy or lack of preparation before you started doing any of them. If you don't have the knowledge on trading you shouldn't be trading. Trading needs you to have some experience on how the market moves and since you haven't traded before to have those experience, you should be learning from someone else experience at the beginning and when you start trading you gain more experience.

Lack of planning leads to the market returning you to square one like you're saying but when you plan very well and have budget you use for your capital so you don't over spend when trading, you can't lose to the market to an extend that you have to start from the beginning again.

[Huppercase]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

What doesn't break you can also make you some good money, that's what life has thought me because in life, if you don't risk it, you will never have the opportunity to achieve a meaningful thing in this life, you have to risk something to get something, anything without risk in it on first attempt will make you lose everything and scammed is among things that you will end up with.

You might have had terrible experience but it doesn't mean you should give up, try again but this time you should put some error/mistake checking on guide, things that made you had such experience and above all, don't forget to include risk management, without  it, you will trade but it's will always be on the verge of losing to other traders.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

I wouldn't lie, doing futures without understanding spot trading is like starting a business without understanding the properties. If you learn spot trading for your some time and get all you need t qualify as a trader, doing futures will be less difficult but the risk is tough, you fear the risk of been liquidated all the time, you fear the risk of unexpected plunge of the market if you are in a long position and many more. As a newbie, I will avoid futures if I don't fully understand spot trading.

[Yamifoud]

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Other than that, never try trading if you don't have any idea what is all about as this could be the reason why you hate trading which in fact, the problem is with ourselves.

Many people assume that trading can be done too easily, many people think that once they start trading they will earn a profit right away. Perhaps, it was a big mistake knowing that trading doesn't work like that and it was only profitable if we also gained enough knowledge and skills. And most of all, we don't have to assume that we can beat the volatility of the market which is why even though we have many years of trading experience, losses are still possible.

[michellee]

This is why people say that trading is not for everyone. Sometimes people trade just because they see other people being successful through that path, and see that trading is something easy. Without thinking about the risks, he dared to make the decision to trade without proper preparation. This sometimes makes people inappropriately choose assets to trade without doing research, or by doing research that is not in depth, so that they fall into big losses. In addition, sometimes they use their main money to trade, so when they fall, they lose everything.

Yes, trading is not for everyone, especially if people are not willing to learn more about trading. People who want to be successful in trading will take the time to learn various kinds of knowledge about trading. They will also practice what they have learned to improve their analytical skills.

One of the things that traders often forget is the risk they cannot overcome when the risk becomes large. They don't know how to deal with the risks because they didn't learn about them. So trading is not just about buying and selling but also determining the time to trade.

If they can learn it well, they can make a profit. And don't complain if the profits are still small because we also need more experience to analyze well. The important thing is that we don't give up on being better than before.

[cafter]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Trading is "sometimes" profitable not "most times" because experience traders also face losses more than wins sometimes. If anyone is trading without any knowledge of it, how the market works, then they are like gambling with their money.
Future market is for people who have good win rate in spot trading and want to profit more using less money then they come to futures and leverage trading.
OP is new to this forum maybe he is a experienced trader already so stop telling him "better you know now", "thank hod you know this now", etc.

[Franctoshi]

Trading is most times profitable and sometimes challenging to traders

I agree with what you said but i will make a point on the first part of what you said. In fact 95-99% of all traders loose money. A extremely small % of traders make money. So it would instead be: Trading is usually not profitable and always challenging.
Its a 0 sum game out there and most of the people joining in have no idea what they are doing. Its as bad a sgambling if not worse.

This is for sure, but most traders are only concerned about how to be profitable and don't bother to know the reason why 95% of traders lose their money, and that's your duty to learn if you are looking forward to profiting from trading. Trading is like a game and only the people who understand the game profit.

[macson]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

wise and experienced traders usually only use speculative news as material for consideration. For example, a trader hears rumors from outside that the price of Bitcoin in the next 2 years will be at $100k, of course he will not consider this news to be believed, he will definitely make it a consideration and make a strategy whether you want to increase the number of assets or vice versa.  Trading is indeed a buying and selling activity that is often considered easy but in reality it is not that simple, without good skills then you are just gambling, if you really want to gamble then playing crash or dice is much better lol.

[YOSHIE]

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Isn't everything we want to do required to learn all the knowledge related to what we want to do, especially jumping into the crypto market to trade.

As far as I know, those who have been involved in the world of crypto trading for a long time, they fall, fall and rise again, after they learn from the experience and knowledge they have.

Indeed, crypto trading is not as easy as we imagine, but with the desire to learn and faith, all good things will happen over time and continue to get good results.

[Jody.Drummer]

Trading is most times profitable and sometimes challenging to traders

I agree with what you said but i will make a point on the first part of what you said. In fact 95-99% of all traders loose money. A extremely small % of traders make money. So it would instead be: Trading is usually not profitable and always challenging.
Its a 0 sum game out there and most of the people joining in have no idea what they are doing. Its as bad a sgambling if not worse.

This is for sure, but most traders are only concerned about how to be profitable and don't bother to know the reason why 95% of traders lose their money, and that's your duty to learn if you are looking forward to profiting from trading. Trading is like a game and only the people who understand the game profit.

That's right, it's not uncommon for me to see some of them or even most of them who just came just bring the reason for "profit", I understand you come because you are inspired by some traders who have succeeded in this field, but do you only see their success? honestly not only that my friend, you can't if you only see in one condition, just like you come to get a lot of profit that means you also have to be able to question and understand what is there apart from big profits, and that is loss. I hope they are not too selfish by only thinking about how to make a profit, but you also have to think about the losses, because every time there is a big profit there is an even bigger risk behind it, so you have to really consider everything before it's too late and suffer a lot of losses.

The fact is true in trading I admit there is indeed a big profit opportunity there, but it's just an opportunity and it's still not certain you can get it, if you only come only for profit without thinking about how to avoid the risk then obviously not the profit you get but instead the loss continues to dominate. So in my opinion it is better to change your mindset correctly, it is not easy to be successful in trading like others you have previously seen, keep learning and be consistent.

[Lorence.xD]

this one holds truth, trading despite looking simple isn't simple at all, you go against those billionaires who trades with massive capital and expect to get the upperhand? yes you can but hardly, only very few selects able to pull that off. otherwise it will just all about luck.
the one that thing they could go against the wave and came out profiting are those newbies that still haven't had any clue about how the market truly works, basically its the big guys profiting off the retailers and getting all that money in the market.
so think twice before making trading career, if you're not really cut it out to become good analyst based on fundamental analysis and technical analysis i think you will just lose your money.

I have seen a lot of videos in TikTok talking about how trading could easily give you profits as they are just simple to understand. But these kind of situations is not really making it easy for people to do trade. Imagine you are inspired to trade but once you tried it, you got liquidated instantly. I mean there's nothing wrong with that since it's part of our experience for us to grow, but with that process there's literally people taking advantage of it. It might sound cool when you said you are a trader but if you can't be mentally and emotional stable in the process, plus being smart on analysis, I think you won't even survive for long, take your time to learn first and start with small amount to test things out if you're good to be a trader.

[salad daging]

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Other than that, never try trading if you don't have any idea what is all about as this could be the reason why you hate trading which in fact, the problem is with ourselves.

Many people assume that trading can be done too easily, many people think that once they start trading they will earn a profit right away. Perhaps, it was a big mistake knowing that trading doesn't work like that and it was only profitable if we also gained enough knowledge and skills. And most of all, we don't have to assume that we can beat the volatility of the market which is why even though we have many years of trading experience, losses are still possible.

Never do something if you don't know it, I think not just in trading, but for every single thing in life, especially when it comes to something so sensitive, money.

If there is someone who invites and shows the benefits of the trade he does, never believe it, because they only show when they get profits, but they will hide the failures they feel.

For beginners I do not recommend, especially if they really have no knowledge at all, it would be better if they just invest, because the risk is smaller than trading.

[Cryptomultiplier]

this one holds truth, trading despite looking simple isn't simple at all, you go against those billionaires who trades with massive capital and expect to get the upperhand? yes you can but hardly, only very few selects able to pull that off. otherwise it will just all about luck.
the one that thing they could go against the wave and came out profiting are those newbies that still haven't had any clue about how the market truly works, basically its the big guys profiting off the retailers and getting all that money in the market.
so think twice before making trading career, if you're not really cut it out to become good analyst based on fundamental analysis and technical analysis i think you will just lose your money.

I have seen a lot of videos in TikTok talking about how trading could easily give you profits as they are just simple to understand. But these kind of situations is not really making it easy for people to do trade. Imagine you are inspired to trade but once you tried it, you got liquidated instantly. I mean there's nothing wrong with that since it's part of our experience for us to grow, but with that process there's literally people taking advantage of it. It might sound cool when you said you are a trader but if you can't be mentally and emotional stable in the process, plus being smart on analysis, I think you won't even survive for long, take your time to learn first and start with small amount to test things out if you're good to be a trader.

One thing I have known is that there is always the option between loving the idea of trading and actually trading.
I wanted to trade from the onset and tried it in my own way. I lost though but not an amount too considerable.

My issue is the emotions that accompany trading and the will to sit and understand the market trends and analysis before trading. I just stick to receiving payments or concluding transactions with crypto and learn until am confident enough to delve fully into trading crypto.

[Nrcewker]

If you don’t know how to drive, then it might lead to accident, if you don’t know how to swim, then it might drown you, similarly if you don’t know how to trade, it can completely ruin you. Trading involves investment of real money, so yes we should be extremely cautious while trading. This is the reason for which many newbies are advised at first to learn about the market and coins. When you are confident and well equipped with knowledge, then do demo trades, and finally do real trades with real money.

[Dickiy]

If you don’t know how to drive, then it might lead to accident, if you don’t know how to swim, then it might drown you, similarly if you don’t know how to trade, it can completely ruin you. Trading involves investment of real money, so yes we should be extremely cautious while trading. This is the reason for which many newbies are advised at first to learn about the market and coins. When you are confident and well equipped with knowledge, then do demo trades, and finally do real trades with real money.

Right that's very simple logic but it makes sense. The fact is that trading just gives you the opportunity to make a few different amounts of profit, but it's not just about the profit that you can easily take, because of course I would say that as you said if they can't and don't know how to trade then it's like you're desperate to jump into the river but you know that you can't swim, and it's just like you're creating a trap for yourself. Honestly it makes no sense and is very silly if you do it in a rational mindset, but if indeed you do it because of the impetus of your mind that is not functioning healthily because it may see and be too tempted at the huge profits there I would say it is natural because lust and greed have overcome you. So the profits that you always expect will not always come to you, it is not a matter of luck as in gambling, but rather how high your knowledge is in terms of trading and only that will be able to bring you profits.

The fact is you can't catch fish if you come without a fishing rod, that much is obvious. Yes that's right, especially for beginners who have just come, they must really be able to put the right mindset and right, because usually many victims are them.

[KingsDen]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

It is only when you understand that trading is not all about buying low and selling high, that you can be successful in trading. There are a lot of things that are associated with cryptocurrency trading. Apart from knowing the charts or knowing both the fundamental analysis and technical analysis. There are other things that associated with trading, such as emotion, financial management and lots more that one needs to study and get acquainted to before they will begin to make profit in cryptocurrency trading.

Those who loses all they have  in the name of trading are the ones that will say that trading ruined their life. If you should ask how, you will be surprised that these people did not know how to trade. There trading is a kind of gambling where you choose if a coin will appreciate or depreciate at a time. When you keep making these choices without some basic analysis to back up your choices, you will keep making the wrong choices and in the end you blow up your portfolio and blame it on trading. Only those who have the patience to learn how to trade make profit in the long run.

[gabbie2010]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

That is why 95% of traders are losers some newbies often have the mindset of earning quick money and get rich scheme that is why they ventured into trading not knowing that trading is very risky a lot of traders got their account liquidated as a result of lack of skill and knowledge, trading requires a lot charting time as well as learning fundamental and technical analysis infact there is also sentimental analysis all put together by a trader to have an edge over the market, I am also a trader who had some bad experience both in crypto and forex trading however with time I was able to correct some of my mistakes and try to work on my trading psychology.

[TheSpiral]

For the difference between gambling and trading is to understand that there is no role of luck in your achievement just talent will be worthy if you use. When a person get profit again and again then he should not use all profit sum because sometimes with continuous winning you don't remember that when you take a wrong decision and loss your whole amount in a single try.

There are some strategies through which trader win smoothly but in gambling no strategy will work for you. Ruining your money is in your hand that if you keep checking the price and use a strong coin then you can win but if you select any coin blindly like that of bet in gambling then you cannot save your money any more.

[carlfebz2]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

That is why 95% of traders are losers some newbies often have the mindset of earning quick money and get rich scheme that is why they ventured into trading not knowing that trading is very risky a lot of traders got their account liquidated as a result of lack of skill and knowledge, trading requires a lot charting time as well as learning fundamental and technical analysis infact there is also sentimental analysis all put together by a trader to have an edge over the market, I am also a trader who had some bad experience both in crypto and forex trading however with time I was able to correct some of my mistakes and try to work on my trading psychology.

Yes, this number or percentage is really that known specially on forex/stocks trading on which trying to point out to those people who do succeed on this market on which i can say that it is really that accurate. Trading

is never been simple and doesnt matter whether you do deal on a stable market or volatile such as crypto on which there's no assurance that you could really be able to make money or profitable trades without having those acquired skills that you have got on that real experience. Trading could really indeed ruin you if you do let yourself that being too careless in regarding on  dealing with it. Newbies are the only ones who do think up initially that this is some sort of easy internet money that they could generate.

Trading isnt gambling but if we do speak about risks then it does have that risks on losing too.It might not really just that as fast as gambling or as risky as gambling but still it does really have that
chance on losing all the money that you do ahve if you are really that careless. This is why you should really be still that mindful about your spending
every single time.

[pixie85]

I agree with you OP and the reason for that is that people often can't do math and they don't realize how much they're really making (or losing).
Let's take trading 1 BTC. Most people think that they'll buy 1 bitcoin, wait for it to go up $200 or 300 and sell for easy money. Bitcoin often does these moves so we should all be trading to get second income, right? No! Exchanges have their fees and if the fee is 1% and bitcoin costs 26000 that's $260 and you pay that twice, when you buy and when you sell.

Now a newbie thinks about it and answers - fine, so I need bitcoin to pump by $600 and I'll make money. Technically yes but is it worth it? You're risking 26000 to earn $80 and then you have to withdraw. Even if you withdraw to your wallet and there's no exchange withdrawal fee you'll probably pay $5 for the transaction.

If you decide to cash out at an ATM that's going to be another 2% so about $15.
You waited for bitcoin to go up $600 for a few days and put 25000 on the line to get $60 in cash. Congratulations.

[CarnagexD]

If you don’t know how to drive, then it might lead to accident, if you don’t know how to swim, then it might drown you, similarly if you don’t know how to trade, it can completely ruin you. Trading involves investment of real money, so yes we should be extremely cautious while trading. This is the reason for which many newbies are advised at first to learn about the market and coins. When you are confident and well equipped with knowledge, then do demo trades, and finally do real trades with real money.

Right. I've watch people close to me start with trading and they learn it the hard way. As much as they want to help other people, it still takes a lot of learning. Trading is definitely not something to be taken lightly, you need to be well-informed before diving in. Starting with educating oneself about the market and the different coins is crucial, without the right knowledge and skills, it can be really risky. But no one said it is impossible.

[Awaklara]

If you don’t know how to drive, then it might lead to accident, if you don’t know how to swim, then it might drown you, similarly if you don’t know how to trade, it can completely ruin you. Trading involves investment of real money, so yes we should be extremely cautious while trading. This is the reason for which many newbies are advised at first to learn about the market and coins. When you are confident and well equipped with knowledge, then do demo trades, and finally do real trades with real money.

Right. I've watch people close to me start with trading and they learn it the hard way. As much as they want to help other people, it still takes a lot of learning. Trading is definitely not something to be taken lightly, you need to be well-informed before diving in. Starting with educating oneself about the market and the different coins is crucial, without the right knowledge and skills, it can be really risky. But no one said it is impossible.

Indeed, nothing is impossible, as long as those who want to learn to trade have a strong interest. because trading is not only related to skills and knowledge that can be learned through books or videos.
as you said trading requires experience and the time of each person who learns to trade is of course different. it's about how quickly they progress with their knowledge and experience. which of course requires capital to become experienced. It won't be enough to try one or two times and then fail. those who try will see many failures. and I think many beginners experience this.

[HONDACD125]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

In my opinion, new people should not be intimidated so much that they stop taking interest in trading. As investment is for long term, and profit is not likely to come soon, while trading you can get good profit in short time. Therefore, people come more towards trading for quick profit, but trading can only be done by very experienced people who have complete mastery of the market. Of course newbies can be ruined by trading, but with a good strategy they can also make good profits.

Trading involves more risks than investing, but these risks can be minimized if certain precautions are taken. For example, most people don't use a stop loss after trading, which puts them at risk of losing more if the market falls. Therefore stop loss should be used in all cases to minimize the loss. Always trade in good and strong coins. Never trade with all your capital. So that you are not out of the market in case of loss. Thus, there are many steps that you can take to protect your capital from being destroyed in trading, and new people will be able to earn something from trading.

[milewilda]

If you don’t know how to drive, then it might lead to accident, if you don’t know how to swim, then it might drown you, similarly if you don’t know how to trade, it can completely ruin you. Trading involves investment of real money, so yes we should be extremely cautious while trading. This is the reason for which many newbies are advised at first to learn about the market and coins. When you are confident and well equipped with knowledge, then do demo trades, and finally do real trades with real money.

Right. I've watch people close to me start with trading and they learn it the hard way. As much as they want to help other people, it still takes a lot of learning. Trading is definitely not something to be taken lightly, you need to be well-informed before diving in. Starting with educating oneself about the market and the different coins is crucial, without the right knowledge and skills, it can be really risky. But no one said it is impossible.

Indeed, nothing is impossible, as long as those who want to learn to trade have a strong interest. because trading is not only related to skills and knowledge that can be learned through books or videos.
as you said trading requires experience and the time of each person who learns to trade is of course different. it's about how quickly they progress with their knowledge and experience. which of course requires capital to become experienced. It won't be enough to try one or two times and then fail. those who try will see many failures. and I think many beginners experience this.

All of us do really experience this because we would really be that once a noob on the time that we do decide on taking up this type of career on which tends to trade or simply dealing with this volatile market on which we know that its never been that simple. Speaking about books and videos then it is really that also a considerable act to be done while you are starting but the rest of the learning would really be definitely be acquired through real experience and this is something that people should really be focusing into because if you do find yourself that being rushed on learning everything on short span of time then you would really be making yourself
that prone to lots of errors. Trading can ruin you? Of course it can but it is somewhat that could really be lessen or decrease as you do really go ahead and get that sufficient experience on which it would really be leading out on sustaining yourself with this volatile market.

[tygeade]

I've watch people close to me start with trading and they learn it the hard way. As much as they want to help other people, it still takes a lot of learning. Trading is definitely not something to be taken lightly, you need to be well-informed before diving in. Starting with educating oneself about the market and the different coins is crucial, without the right knowledge and skills, it can be really risky. But no one said it is impossible.

Indeed, nothing is impossible, as long as those who want to learn to trade have a strong interest. because trading is not only related to skills and knowledge that can be learned through books or videos.
as you said trading requires experience and the time of each person who learns to trade is of course different. it's about how quickly they progress with their knowledge and experience. which of course requires capital to become experienced. It won't be enough to try one or two times and then fail. those who try will see many failures. and I think many beginners experience this.

The difference is "wanting to learn how to trade" versus "wanting to learn how to get rich" you can even add "quick" to the last one. If your entire aim is to learn how to get rich then I am sorry but you are not going to be learning trading all that well, you are not going to be interested in learning how to be a good trader. Your only goal would be learning quickly whatever you need to learn before you start making a lot of money.

But, if your goal is to learn how to trade and be a good trader, then money will come in later because you are going to be good at it. I understand that life is not all that simple to give people enough time, some people are making small amount of money and still do not have enough time, but that doesn't mean that you should be aiming at making a profit and not learning how to trade.

[Stable090]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

How will you just jump into something you don’t have much knowledge about? If you can jump into trading, then you are going to jump out because you will end up losing everything you have. Some people take trading as something they can easily start, and they will be making money easily without risk, but if you are starting to learn how to trade, you will be losing enough money. That’s why everyone who’s learning how to trade should do that with just a little amount, don’t start with a big amount that’s going to affect you after losing.

When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

Even some experienced traders are scared of future trading. I don’t recommend anyone go into future trading because it has done more harm than good. You can lose all your money within a few hours or minutes in future trading. There are some professional traders that only focus on spot trading, they don’t try future trading because they know the risk that’s involved in it. Any newbie that’s trying to learn how to trade with the future's is just doing it because of the high reward in it, and the person might end up losing everything at the end.

[lienfaye]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it

Trading is indeed challenging, but to become profitable depends on a trader's knowledge and skills. Most times profitable is not really accurate, if this is true then I should stick to it rather than switching to be a long term hodler. Because not all are successful, though some traders are really gaining decent profit. But even you're an experienced trader already, it doesn't mean you won't face any losses since sometimes it's inevitable.

So trading can ruin you if you started your journey without knowledge, it's like you're just guessing (more like a gambling). Thus it's crucial to take time to learn and gain experience before trying to trade with a huge amount.

[Bitcoin_people]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Trading is always profitable only if one is able to analyze market strategies. Moreover, many times when market volatility occurs, successful traders also face great challenges and risk losing their money. Of course one should never trade without acquiring knowledge about trading but surely all money will be lost like gambling. Just like many people lose their money in gambling, trading without understanding is the fear of losing money and getting into huge challenges.

Even if you are a successful trader, you still need to trade with sufficient amount of caution. Many times successful traders get caught while trading and their money is at risk, so everyone should trade with caution. Newbies are very raw in this matter for which many times they face huge challenges, so they need to acquire knowledge and skills about trading well before participating in trading. But if the new traders buy from the low market and sell in the high market, they will gradually gain experience and profit from it. Moreover, if trading is done according to the advice of experienced people, the chances of facing losses are less, yet many times newbies face terrible markets. Moreover, I have seen many experienced traders face terrible challenges at times, so all small and big traders need to trade carefully. But I think sport trading is best for beginners as they will easily lose their money if they go for futures trading.

[Ndabagi01]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

You've had your experience, which has given you a better image of how to trade, and you can now have more confidence in yourself in trading than before. The important thing is to attempt rather than procrastinate and accomplish nothing at all.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

Rather than trading, buying and holding will only assist you lessen the danger of losing your asset. The disadvantage of this is that if you don't try, you won't get out of your comfort zone and become the best trader you can be. A newbie should be aware of their strengths and weaknesses so that they can limit their risk when trading for the first time.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

In the meanwhile, newbies can learn about bitcoin's technical and fundamental analyses before diving into trading. There is always a first time for anything, and just because they aren't excellent at it now doesn't mean they should avoid it; instead, they can begin learning how to trade gradually with prudence and taking little risk before they have a full understanding of how the trading market works.

[Blowon]

so true. Before entering, at least you don't only need financial capital. but you must really grasp a little technical analysis knowledge. If not, entering a market that has lots of coins and indicators will make you confused about what to do. I think the right decision to start trading so you don't feel like this is a scam is to learn about it first until you are really sure about actually trading.

[Unbunplease]

so true. Before entering, at least you don't only need financial capital. but you must really grasp a little technical analysis knowledge. If not, entering a market that has lots of coins and indicators will make you confused about what to do. I think the right decision to start trading so you don't feel like this is a scam is to learn about it first until you are really sure about actually trading.

In addition to mastering technical analysis, it is necessary to understand the intricacies of the cryptocurrency world, otherwise you can spend all your money to buy some meme coin and be left with nothing. Yes, the charts will be drawn beautifully, but this impression will be deceptive. Although any reliable project can dissolve without a trace

[Bushdark]

For the difference between gambling and trading is to understand that there is no role of luck in your achievement just talent will be worthy if you use. When a person get profit again and again then he should not use all profit sum because sometimes with continuous winning you don't remember that when you take a wrong decision and loss your whole amount in a single try.

There are some strategies through which trader win smoothly but in gambling no strategy will work for you. Ruining your money is in your hand that if you keep checking the price and use a strong coin then you can win but if you select any coin blindly like that of bet in gambling then you cannot save your money any more.

If we don't trade in the proper direction or we are too slow to enter the market, we can make a lot of mistake that can cause us loses if we are not that careful enough. Trading need lots of understanding about the market so we don't have to see it like the way we gamble in the market. We can always gamble and keep having lucks that make us to be having consistent profits but in trading, the reverse is the opposite that is why we keep seeing people losing big amount of there Capital in trading due to slightly mistakes we might have done with having proper consideration.

[Timmzzy]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Trading doesn't respect anyone oh, NEWBIES or NOT it ruins everyone mentally and psychologically, at the moment as am writing this am ruined mentally on a trade i missed a huge profit and now am still hanging on if peradventure it will go my way. its not easy to trade... but when you know how to trade you will be grateful to yourself for having the knowledge.

[Mahanton]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Trading is always profitable only if one is able to analyze market strategies. Moreover, many times when market volatility occurs, successful traders also face great challenges and risk losing their money. Of course one should never trade without acquiring knowledge about trading but surely all money will be lost like gambling. Just like many people lose their money in gambling, trading without understanding is the fear of losing money and getting into huge challenges.

Even if you are a successful trader, you still need to trade with sufficient amount of caution. Many times successful traders get caught while trading and their money is at risk, so everyone should trade with caution. Newbies are very raw in this matter for which many times they face huge challenges, so they need to acquire knowledge and skills about trading well before participating in trading. But if the new traders buy from the low market and sell in the high market, they will gradually gain experience and profit from it. Moreover, if trading is done according to the advice of experienced people, the chances of facing losses are less, yet many times newbies face terrible markets. Moreover, I have seen many experienced traders face terrible challenges at times, so all small and big traders need to trade carefully. But I think sport trading is best for beginners as they will easily lose their money if they go for futures trading.

Always profitable? No its not! because even if you do call yourself that an experienced trader but still it wont really be making out guarantees that you would really be able to make money and this is something that you should really be needing to realize on because if you do anticipate that much on having that profitable trades most of the time but the market had opposed on what you had anticipated then for sure it would really be bringing out with that big frustration and this is something that you must avoid. Why? It would really be making out that kind of impulsive kind of reaction on which it is really that something that will come out since we are really just that human beings on which reactions would be made would really be just that typical. Dont make yourself that too optimistic because if you do find yourself that too much expecting with those positive
results then when the time that markets volatility did goes to the opposite way then disappointement would be there and the worst on which on the time that you do become impulsive then
alterations of earlier analysis might be made out.

[Crypto Library]

Trading can make people prosper as much as it can destroy them.  Many people say that trading is dependent on luck but no, trading is not dependent on luck.  Trading depends on skill- like technical analysis, Fundamentals analysis.  It is very important to improve your trading skills.  If one can understand these tricks when to hold and when to sell, then that person will gain profit very quickly. And I would say that beginners should get proper knowledge about how to analysis first and start trading through spot trading.
Risk is less in spot trading.  The amount of damage is less.  Future trading is very complicated.  Even experienced people are afraid of futures trading because of the possibility of losing everything.  And trading means ruining life, not so much loss. By saying that trading can ruin our life, we are creating fear in the minds of beginners.  We should say that by knowing the right rules and gaining skills, trading can be very profitable.

[Usasauki2004]

It depends on the aspect you are viewing it from, there are lot of profitable traders.
Saying trading can ruin someone is understatement. It can only ruin you if you lack the bases such as experience and knowledge. With sufficient information about trading, it can change your life forever and vice versa.
Get the skills, utilize it and you shall prosper. Even after having the knowledge, you should try and put risk management into consideration by going for a better risk to reward ratio of nothing less than 1:3. All these put together will make you not to be ruined by trading.

[nurilham]

It depends on the aspect you are viewing it from, there are lot of profitable traders.

Indeed. There are successful traders, we can't deny it. But there are also many traders who gets huge losses because they trade with no proper strategies. So, it actually depends on the way they trade the coins/tokens. If a trader trades with proper ways, the chance for a loss can be minimized (reduced). Trading is actually profitable if it is done with the right way.

Saying trading can ruin someone is understatement. It can only ruin you if you lack the bases such as experience and knowledge. With sufficient information about trading, it can change your life forever and vice versa.

Yes, it only can ruin us if we trade with lack knowledge and experience. So, we only trade with gambling-base, means relying on the luck. Those traders who trade with no proper ways can be called as gambling with selling-buying crypto coins. So, knowledge and experience is very crucial in trading, it is the fundamental matter.

However, if someone has sufficient knowledge and experience, he will know how to trade properly. Then, he must understand which strategy to use that can optimize the chance for gaining profits. 

[BitDane]

It depends on the aspect you are viewing it from, there are lot of profitable traders.
Saying trading can ruin someone is understatement. It can only ruin you if you lack the bases such as experience and knowledge. With sufficient information about trading, it can change your life forever and vice versa.
Get the skills, utilize it and you shall prosper. Even after having the knowledge, you should try and put risk management into consideration by going for a better risk to reward ratio of nothing less than 1:3. All these put together will make you not to be ruined by trading.

The things that separates the successful trader to a loser is their knowledge, decision and traits while trading.   Most successful traders have dedicated their time in learning and relearning the curves of trading and at the same time gathering the latest information and news about the asset they are trading with.  Successful traders also make use of their TA and fundamental knowledge very well while those who losses in trades might have missing some of the factor that make them uninformed about the possibility of the next move of the market or make miscalculation of the next move of the market.

[AliMan]

Literally it ruined my peace of mind, many times I was really bothered of several situations like the old coins I had with zero value these days. I was wondering that bull run could take place once again, but it's kinda dream for now. Let's just keep it an inspiration, hopefully in perfect time we'll be able to survive this very rough situation that we've gone through.

[koang]

Literally it ruined my peace of mind, many times I was really bothered of several situations like the old coins I had with zero value these days. I was wondering that bull run could take place once again, but it's kinda dream for now. Let's just keep it an inspiration, hopefully in perfect time we'll be able to survive this very rough situation that we've gone through.

Yep. exactly how I feel. Trading ruined my peace of mind.
When I first got into crypto, trading was the first thing I learned, but as time passed, I realized that crypto trading was not for me.
The pressure to make profits by continuously observing and analyzing price movements stresses me out, And I have concluded that trading is not my passion. DCA and Hodl suit me better.

[IvugeoEvolutionCoin]

Yep. exactly how I feel. Trading ruined my peace of mind.
When I first got into crypto, trading was the first thing I learned, but as time passed, I realized that crypto trading was not for me.
The pressure to make profits by continuously observing and analyzing price movements stresses me out, And I have concluded that trading is not my passion. DCA and Hodl suit me better.

If ever I lose money from trading then I feel much pain. When I win money from trading I am more happy. Trading is not for everyone who can take right decision at right time. But I prefer trading.  To invest for a long period of time, we lose some time by investing. However, we lose our money due to some mistakes. But if we can invest in some good coins, it can bring us profit.

[JunkieMiner]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

It is not only the trading through which we get some loss, in each field if we don't have its knowledge we have to face troubles and we have to face loss. And it doesn't matter if funds have more or less, if we didn't have any experience in a specific field it means we have to be ready for the loss. It will be very challenging for all of us if we start our trading without having good/proper knowledge about the trading and if we don't know when to take entry in a specific coin, or when we have to exit. This will teach mostly people some lessons and most people get into depression if they don't have some proper planning for their trading.
I hope the post and the replies in this post will help newbies a lot.

[letteredhub]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.
.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Trading is very simple to talk and lecture about but so damn difficult in practice that not even those traders we think are experienced in it can boast of being the best at it because with trading the learning never stops, it only stops when you as a trader quits trading. A newbie should know better never to go near futures trading if they don't wanna get financially ruined then they just have to stick with DCA in their start and can later move on to spot trading depending on how much knowledge they could have gathered from their time of DCAing and when they are ready to face the furnace they can try futures trading but with amount you can afford to lose. It's very important you make use of amount you can afford losing for your mental and psychological interest.

[Chilwell]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Thank GOD you know this yourself that trading can be destructive as well as productive as it can be. Trading sometimes is done by naive people that feels you can just make millions overnight through this act but they don't know trading is something we actually need to play about and it takes year of study to actually fully understand the whole ethics and principle techniques behind trading successfully.

During the luna period I just saw a status update that showed the price of luna at its high and low points. Then it was low, I made the decision to take advantage of it so that I could hold on to it and wait for the time when the price would increase. During this time, I had a major disaster that made me realize that cryptocurrency is deadly; it took me a day to get myself together. The worst part was that the money wasn't even my own, but I thought I could manipulate it to make quick money, which was completely incorrect. After the incident I realised that it was a big lesson for me because I discovered and learn a lot.

[Josefjix]

During the luna period I just saw a status update that showed the price of luna at its high and low points. Then it was low, I made the decision to take advantage of it so that I could hold on to it and wait for the time when the price would increase. During this time, I had a major disaster that made me realize that cryptocurrency is deadly; it took me a day to get myself together. The worst part was that the money wasn't even my own, but I thought I could manipulate it to make quick money, which was completely incorrect. After the incident I realised that it was a big lesson for me because I discovered and learn a lot.

These pumps and dumps are good but we should be cautious not to be caught in he middle because it will definitely deal with us endlessly. Luna heavy dump taught me a big lesson, that was the beginning of me gaining wisdom concerning crypto projects. Luna crashed retested most vast crypto investors back to square one, losing substantial figures in their trading accounts, witnessed $20k invested in Luna turning into $5k, I was just shocked and couldn't say word because top investors have made and also lost money in the process. Perhaps I've learnt my lessons, promised myself to do better as time goes on.

[sana54210]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

It is not only the trading through which we get some loss, in each field if we don't have its knowledge we have to face troubles and we have to face loss. And it doesn't matter if funds have more or less, if we didn't have any experience in a specific field it means we have to be ready for the loss. It will be very challenging for all of us if we start our trading without having good/proper knowledge about the trading and if we don't know when to take entry in a specific coin, or when we have to exit. This will teach mostly people some lessons and most people get into depression if they don't have some proper planning for their trading.
I hope the post and the replies in this post will help newbies a lot.

Not knowing what to do at the start is the normal situation and there is nothing wrong with that. We need to just realize that we are going to end up with a result that should be a lot more important one way or another. So if we put in the time, then starting with zero knowledge doesn't matter because the more time we put into it the more we are going to end up making. So it is all about giving some time, studying, learning, experimenting, gaining experience and so forth.

If you do those things then you are going to end up with a greater return eventually, sure it is not going to be just a few days, or weeks, but after some months you are going to end up with a good profit eventually. That's how all those big veteran traders become the way they are, they end up giving it some time and studying and becoming good over course of years. I know people who traded for more than 7 years now, imagine spending over 7 years of trading in the crypto world, obviously that's going to make you a bit richer but also it is going to make you better at trading as well.

[Xampeuu]

Most people talk with their sweet words, even though inside it seems like there is something hidden behind being a trader. Therefore, we should not be immediately tempted to make easy money from trading. so the first thing that needs to be considered is knowledge and after that we can seek experience from real trading, and after that I am sure we will get improvements in trading, so don't rush, or we will fall into gambling.

[Fara Chan]

Most people talk with their sweet words, even though inside it seems like there is something hidden behind being a trader. Therefore, we should not be immediately tempted to make easy money from trading. so the first thing that needs to be considered is knowledge and after that we can seek experience from real trading, and after that I am sure we will get improvements in trading, so don't rush, or we will fall into gambling.

Everyone who wants to become a trader really needs preparation such as knowledge about trading and also knowledge about the market and knowledge about the assets in the market so that someone can start wisely after knowing all these things very well. Because without sufficient knowledge, someone might make the wrong step in starting trading, especially if someone wants to trade based on someone else's invitation to an asset. Maybe he would be trapped through this if he didn't explore the knowledge of what was offered to him by other people.

[irhact]

These pumps and dumps are good but we should be cautious not to be caught in he middle because it will definitely deal with us endlessly. Luna heavy dump taught me a big lesson, that was the beginning of me gaining wisdom concerning crypto projects. Luna crashed retested most vast crypto investors back to square one, losing substantial figures in their trading accounts, witnessed $20k invested in Luna turning into $5k, I was just shocked and couldn't say word because top investors have made and also lost money in the process. Perhaps I've learnt my lessons, promised myself to do better as time goes on.

Pump and dump aren't good because they're ruining the market reputation. When the market is always pumping and dumping, some investors will be running away from the market as nobody wants to invest in something that they'll not make profits because the market is manipulated by whales. Many individuals lost when Luna crashed and some wen back to invest thinking the price will recover but it hasn't recovered because the project is dead.

Trading is very risky as it's unpredictable, if you want to trade do it with small capital and don't invest everything you have. Trading needs experience therefore don't trade if you haven't gotten the experience from practicing. Many individuals lose because they think they can make quick money from trading.

[bettercrypto]

Literally it ruined my peace of mind, many times I was really bothered of several situations like the old coins I had with zero value these days. I was wondering that bull run could take place once again, but it's kinda dream for now. Let's just keep it an inspiration, hopefully in perfect time we'll be able to survive this very rough situation that we've gone through.

It can only ruin us if we become careless traders here in the crypto space. But who is a sane trader who wants to lose his assets. is there isn't there anything?

That's why it's very important that if anyone is a beginner, they should really learn basic trading, all they need to know is to learn it, and if they just take care of it, it can ruin their lives for sure in the end. And it's not good when that happens.

[GeorgeJohn]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

In trading, its one of the most aspects in cryptocurrency investment that requires much attention despite that their is a huge difference between trading and investment. But in the aspect of trading a precaution measure most take place before you becomes a profiting trader, one that leads some of the traders into disadvantages aspects of trading and especially the newbies is when they are not after understanding the basic key of trading as a skill before they ventured into trading. In the aspect you're emphasising that trading will ruin someone who is not acquainted with trading, that can only happen when you with your savings not with your spare funds, its obvious and understanding that trading during trading what you are supposed to use to partake in trading is a spare funds..secondly its not advisable to lend funds and trade with it, you can take such risk in investment but in trading I don't think it's encouraging or a welcomed development

[bitterguy28]

Literally it ruined my peace of mind, many times I was really bothered of several situations like the old coins I had with zero value these days. I was wondering that bull run could take place once again, but it's kinda dream for now. Let's just keep it an inspiration, hopefully in perfect time we'll be able to survive this very rough situation that we've gone through.

It can only ruin us if we become careless traders here in the crypto space. But who is a sane trader who wants to lose his assets. is there isn't there anything?

for sure it wasn't me mate .

I have come to know my limit and my capacity to invest and my tolerance to losing is truly a little.
I would rather not trade than to become careless because this is my money to lose.

That's why it's very important that if anyone is a beginner, they should really learn basic trading, all they need to know is to learn it, and if they just take care of it, it can ruin their lives for sure in the end. And it's not good when that happens.

Beginner must never invest the amount they cannot carry to lose.
if you are a beginner , better to invest solely in Bitcoin but that amount must be your excess money , meaning that you can lose anytime willingly .

[Strongkored]

Literally it ruined my peace of mind, many times I was really bothered of several situations like the old coins I had with zero value these days. I was wondering that bull run could take place once again, but it's kinda dream for now. Let's just keep it an inspiration, hopefully in perfect time we'll be able to survive this very rough situation that we've gone through.

If trading destroys your calm mind then it would be better to leave this activity because it is very unhealthy for you because when you no longer have a calm mind it means you are stressed and gradually other illnesses will attack you, or you have to evaluate what makes you become don't be calm, if you see your assets continuing to fall, it is very likely that you are using money that you can't afford to lose or you are speculating on trash coins because you hope to get something big without realizing that these trash coins are more likely to make you bankrupt, because that's what I experienced when I still thought the coins were very good but actually they weren't.

[Natalim]

Literally it ruined my peace of mind, many times I was really bothered of several situations like the old coins I had with zero value these days. I was wondering that bull run could take place once again, but it's kinda dream for now. Let's just keep it an inspiration, hopefully in perfect time we'll be able to survive this very rough situation that we've gone through.

We will be able to survive then if we never give up and lose our faith.
Many traders have quit as they didn't understand the market situation and it is a trader's behavior that stops us from achieving our goals. A reason why trading should be taken seriously and it needs focus and time. Trading could ruin us if we let it happen but if we are able to control our emotions and stick to our plan, nothing to worry about. We can't be great all the time nor we are profitable but we can do it well and become profitable if work hard.

[Bitcoinpoly]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

This piece is very informative, newbies should try as much as possible to learn more about the crypto space before embarking on futures trading, Spot trading is better for newbies actually. Though in some occasions where you use exchanges that has copy trading you can utilize such opportunity to blend in with other traders, but copy trading is not available on all exchanges and that’s where the issue comes in, few exchange like Bitget and some new exchanges that are just coming up has it as well.

[Lanatsa]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

This piece is very informative, newbies should try as much as possible to learn more about the crypto space before embarking on futures trading, Spot trading is better for newbies actually. Though in some occasions where you use exchanges that has copy trading you can utilize such opportunity to blend in with other traders, but copy trading is not available on all exchanges and that’s where the issue comes in, few exchange like Bitget and some new exchanges that are just coming up has it as well.

Starting with spot would be always be the best choice on which it is really just that something that you must really be your starting line specially if you are a complete newbie or having that zero knowledge and it would really be just that a suicide if you do consider yourself on stepping into futures trading or scalping because you would really be needing to deal with extreme volatility in short time period and this would really be requiring that suffiicent knowledge and skills towards trading or else then you are just basically gambling on something that you arent even sure on what you are doing.   Mistakes and errors are common though but doesnt mean that you should really be tolerating that because it would really be resulting into devastation with your finances and this is something that we must avoid.

Trading could really indeed ruin you if you wont really be making yourself that careful but we know that losses are inevitable and something that could really be able to make you learn
along the way.It is really just that it would really be needing up that proper planning and learning things along the way so that on the time that you would really be staying up and keeps on dealing
with this market then you do mold yourself way more better than on those previous days or months that had passed.

[Dzwaafu11]

Unavoidably you will be killed by the market and greed traders usually will try to revenge the market after one or few losses. This response only cause them more losses till they have nothing to lose.

Such a trader will turn into a gambler who loses much money and decides to start chasing his losses. People like this are too greedy and unable to control their emotions, which is why they don’t normally ignore some risk; they think all rush may generate money for them, which is not true. However, people like this keep on losing money as they are already blind by chasing losses, even though the appropriate target may not be reached, and they even think that if they always go to where Thierry has a lot of money and leave, they can cover up their losses with time.

That's why it's very important that if anyone is a beginner, they should really learn basic trading, all they need to know is to learn it, and if they just take care of it, it can ruin their lives for sure in the end. And it's not good when that happens.

Obviously, it will be very sad when, for you and those who ever eat food under you, you lose your asset where you get money to feed yourself and others. It’s not a nice thing, especially when it’s due to your ignorance.

Seriously, it’s very bad to lack basic knowledge of where our money is going. Before we need to know the basics of our business, especially in trading, fundamental knowledge, technical analysis, and skills need to be involved. Ok, if you take the journey of trading or not, you will lose your money, eh?

[TelolettOm]

Literally it ruined my peace of mind, many times I was really bothered of several situations like the old coins I had with zero value these days.

How long do you keep your old coins? If you just put them on your wallets, it means you never trade them. Dude, we are talking about trading, we aren't discussing about investment to ruin our mind. Check again the topic title! 

I was wondering that bull run could take place once again, but it's kinda dream for now.

Why you're wondering the bullrun? Do you only experience it one time?
If we look at the history of bullrun, it already happened several times. And every bullrun period, there were always a huge increase in crypto market. But for gaining profits, it purely depends on what coins you are holding. If you hold shitcoins, it probably never raise again although we have bullrun season. Remember that not all crypto coins may increase in the bullrun season.

Let's just keep it an inspiration, hopefully in perfect time we'll be able to survive this very rough situation that we've gone through.

What inspiration?
If you mean the experience to hold no value coins. It is not an inspiration, it is a bad experience.
However, you can take a lesson that you need to be more careful to choose coins.

[shinratensei_]

Literally it ruined my peace of mind, many times I was really bothered of several situations like the old coins I had with zero value these days. I was wondering that bull run could take place once again, but it's kinda dream for now. Let's just keep it an inspiration, hopefully in perfect time we'll be able to survive this very rough situation that we've gone through.

We will be able to survive then if we never give up and lose our faith.
Many traders have quit as they didn't understand the market situation and it is a trader's behavior that stops us from achieving our goals. A reason why trading should be taken seriously and it needs focus and time. Trading could ruin us if we let it happen but if we are able to control our emotions and stick to our plan, nothing to worry about. We can't be great all the time nor we are profitable but we can do it well and become profitable if work hard.

honestly surviving bearish just require you to have other source of income and just forgetting the coin that value already going down so significantly.
its called being an investor, but of course for someone thats not patient enough it will be kinda hard. even more so for those traders that buy at high, the only choice they can make is just to wait for another bullrun.
i would say that its the disadvantage with trading, so mentally exhausting sometime the rewards isn't even suited and isn't even worth it.
thats why i already stopped being trading I don't think its good enough I prefer to increase income through my skills and also having jobs.

[dunfida]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

This piece is very informative, newbies should try as much as possible to learn more about the crypto space before embarking on futures trading, Spot trading is better for newbies actually. Though in some occasions where you use exchanges that has copy trading you can utilize such opportunity to blend in with other traders, but copy trading is not available on all exchanges and that’s where the issue comes in, few exchange like Bitget and some new exchanges that are just coming up has it as well.

Starting with spot would be always be the best choice on which it is really just that something that you must really be your starting line specially if you are a complete newbie or having that zero knowledge and it would really be just that a suicide if you do consider yourself on stepping into futures trading or scalping because you would really be needing to deal with extreme volatility in short time period and this would really be requiring that suffiicent knowledge and skills towards trading or else then you are just basically gambling on something that you arent even sure on what you are doing.   Mistakes and errors are common though but doesnt mean that you should really be tolerating that because it would really be resulting into devastation with your finances and this is something that we must avoid.

Trading could really indeed ruin you if you wont really be making yourself that careful but we know that losses are inevitable and something that could really be able to make you learn
along the way.It is really just that it would really be needing up that proper planning and learning things along the way so that on the time that you would really be staying up and keeps on dealing
with this market then you do mold yourself way more better than on those previous days or months that had passed.

You are right mate!

Spot trading is a good start up specially if you are a complete noob. You do see that volatility isnt something as severe comparing when you do deal with futures and also not all even experience traders do really that become successful on this field on which it would really be that normal that losses would really be inevitable and something that you would be able to encounter. One of the risks that you would be facing within this market is always pertaining about moving prices on which volatility could neither be your enemy or could really be your friend.If you do see that the market would really be moving on extreme manner.
Stopping trading would be your best choice and having some break and try to reassess the situation and find out whether it would be worth on taking a step forward or would really be just making yourself that
stop for a while until things turns out to be normalized again.It would really be just that normal that you would be needing to take up some step for you to be able assess the situation and would really be able to
do things accordingly.

[tjtonmoy]

~snip

Good advice for newbies and I do agree with you. Buying and holding is it great way to step into the crypto world. You don't have to learn the complex thing about market movement, market analysis, reading chart, and also doing all kind of complex thing. You just buy and forget about it until the price is at its peak. Then all you just need to do is sell to book your profit.

But in the meantime, if you can spare some of your time then you can obviously learn how to trade. It is complex, and I don't disagree but here's the thing. It is the same with everything. The more you learn about something the easier it gets. You can start low and climb your way out to the big ones. And it also doesn't have to be future trading. You can start with sport trading in which analysis, market movements and chart readings are essential. If you learn to do it while taking less risks then it is worth it. And then you can finally move towards future trading.

Evolution is all about taking risks. If you want to get something done in your life, you need to take risk. Just because you fail sometime doesn't mean you should give up. Keep on trying until you master it. There's an old saying that was something like this. " I don't fear the hundred things that you have practiced once, I fear the one thing that you have practiced a hundred time." The more you learn the better you get.

[nurilham]

Everyone who wants to become a trader really needs preparation such as knowledge about trading and also knowledge about the market and knowledge about the assets in the market so that someone can start wisely after knowing all these things very well. Because without sufficient knowledge, someone might make the wrong step in starting trading, especially if someone wants to trade based on someone else's invitation to an asset. Maybe he would be trapped through this if he didn't explore the knowledge of what was offered to him by other people.

Of course. Knowledge and good mentality are 2 basic things to have before someone begins to trade. We know that trading is high risk and sometimes quite difficult to do due to the change of market trends. If we have no knowledge and strong mentality, we may quit soon when we get a problem with the market condition. To understand the right time for buying and selling, it requires sufficient knowledge because it needs a deep analysis. So, it is impossible to trade properly if we have no knowledge.

[mirakal]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

 Stay off from trading if you are like gambling in the first place. While gambling is based on pure luck, trading on the other hand is based on knowledge, skills and developed strategies. This is why trading needs more focus and attention and requires long term preparation before you decide to enter trading and risk your time and money. If you think you are a faint-hearted and would easily panic whenever things don't go as planned, then do not waste your time learning trading.

However, if you are good trader, you will gain very promising profits. But know that everything in trading is made successful through hard work and persistence. If you are a compulsive trader and trade without patience, then never expect that you will benefit in trading.

[batang_bitcoin]

Good and experienced traders know how to deal with the risky that futures trading has. But OP is giving the reminder to the newer ones that are aspiring with futures and are optimistic about it.
How many times did we see people that have jumped into the bandwagon of futures just because they've seen good traders earned decent money from there?
It shouldn't just because of you saw them make nice chunk of money through futures but understanding the whole thing about it and how you shouldn't be going along with it unequipped with knowledge.

[shinratensei_]

Good and experienced traders know how to deal with the risky that futures trading has. But OP is giving the reminder to the newer ones that are aspiring with futures and are optimistic about it.
How many times did we see people that have jumped into the bandwagon of futures just because they've seen good traders earned decent money from there?
It shouldn't just because of you saw them make nice chunk of money through futures but understanding the whole thing about it and how you shouldn't be going along with it unequipped with knowledge.

futures really need proper knowledge if someone doesn't want to just suddenly went bankrupt, thats the thing with future, some people even deliberately forcing themselves to use 100x which honestly too much of a risk, even more so for someone that doesn't even have sufficient knowledge about how the market will turns out to be.
future is only for those that knews well they could be losing money and they could also be earning so much.
it depends on one strategy but rarely I see some retailer traders that could have foolproof strategy sometime its just beginners luck and pure luck the other times.

[Sayeds56]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Your insights and understanding about trading are on point. It is true that trading is very challenging profession which requires know how and understanding of technical indicators/charts, money/risk management skills and above all emotional control to be a successful trader. In simple words, trading can be profitable , but it is not guaranteed path to get rich. For beginers, it is advisable to start with solid educational foundation, a well-defined trading plan and cautious approach to risk.

[irhact]

Good and experienced traders know how to deal with the risky that futures trading has. But OP is giving the reminder to the newer ones that are aspiring with futures and are optimistic about it.
How many times did we see people that have jumped into the bandwagon of futures just because they've seen good traders earned decent money from there?

If you're experienced you can make money from all types of trading but many new traders don't wait untill they have had the experience before they want to start making money. They're too quick to chase after money and it ruins them and I think that's what this thread is about. Future trading is more advanced than spot trading and any trader that don't understand or haven't succeeded at spot trading shoudn't jump straight to trading future or they'll not make profits.

Trading can make you profits or it can ruin you, the choice is left for you to make as you should learn very well before starting to trade. Many individuals aren't making profits because they lack discipline and are not emotionally detached from their money and this make them to always want to make back the money they lost from past trade but they keep losing more money and it continues that way until they run out of money. New individual with no experience shouldn't be trading futures.

[Rockstarguy]

Therefore, we should not be immediately tempted to make easy money from trading. so the first thing that needs to be considered is knowledge and after that we can seek experience from real trading, and after that I am sure we will get improvements in trading, so don't rush, or we will fall into gambling.

Most beginners think trading is very easy and it is something they can start up without having knowledge,  maybe as they continue to do trading they will know better about trading but it is unfortunate that trading does not work this way. Trading is a skill which people must learn to get it right, their are things in trading that needs to be understood and without learning this skill it will be difficult to get it right in trading. Trading is not like gambling which people can profit by luck but profit in trading is gotten by understanding and experience that is why their is no need for beginners to rush trading.  It can really ruins one life when their is no proper understanding to go about it.

[barisbilgili]

Therefore, we should not be immediately tempted to make easy money from trading. so the first thing that needs to be considered is knowledge and after that we can seek experience from real trading, and after that I am sure we will get improvements in trading, so don't rush, or we will fall into gambling.

Most beginners think trading is very easy and it is something they can start up without having knowledge,  maybe as they continue to do trading they will know better about trading but it is unfortunate that trading does not work this way. Trading is a skill which people must learn to get it right, their are things in trading that needs to be understood and without learning this skill it will be difficult to get it right in trading. Trading is not like gambling which people can profit by luck but profit in trading is gotten by understanding and experience that is why their is no need for beginners to rush trading.  It can really ruins one life when their is no proper understanding to go about it.

Those who think trading is easy will of course experience failure when they start trading because they do it only based on their assumptions and not based on the knowledge they have. Before starting to trade, of course we must have knowledge about the trade we are going to do because without a good understanding of trading, of course the trade we make will experience losses from the trade we make. You are right, if we don't understand trading well it will certainly make us lose the money we have in trading.

[Kasabus]

Literally it ruined my peace of mind, many times I was really bothered of several situations like the old coins I had with zero value these days. I was wondering that bull run could take place once again, but it's kinda dream for now. Let's just keep it an inspiration, hopefully in perfect time we'll be able to survive this very rough situation that we've gone through.

That's already given mate. Expect that as long as volatility is high, we can never have the peace of mind we all deserve. Trading in such unpredictable market and its uncertain market position makes it highly risky that's why if you can't sustain your emotion and you keep on panicking whenever there is sudden price crash, then stay away trading as it will only ruin your finances in the end. Trading is only for those fearless people who still manage to deal with the risk despite of its inevitable losses waiting ahead.

But I must say trading will ruin you if you don't know how to trade in the first place. Although trading is a piece of cake for some traders, but majority still consider trading as the last option when investing alone does not work for them.

[batang_bitcoin]

Good and experienced traders know how to deal with the risky that futures trading has. But OP is giving the reminder to the newer ones that are aspiring with futures and are optimistic about it.
How many times did we see people that have jumped into the bandwagon of futures just because they've seen good traders earned decent money from there?
It shouldn't just because of you saw them make nice chunk of money through futures but understanding the whole thing about it and how you shouldn't be going along with it unequipped with knowledge.

futures really need proper knowledge if someone doesn't want to just suddenly went bankrupt, thats the thing with future, some people even deliberately forcing themselves to use 100x which honestly too much of a risk, even more so for someone that doesn't even have sufficient knowledge about how the market will turns out to be.
future is only for those that knews well they could be losing money and they could also be earning so much.
it depends on one strategy but rarely I see some retailer traders that could have foolproof strategy sometime its just beginners luck and pure luck the other times.

There's always the wrong idea about futures because it's wrongly advertised by influencers as it seems to be an easy way to make money in crypto and trading isn't a complicated thing.
I do understand that they're educating that it isn't only the stock market and forex that people can trade. But this is a dangerous way of introducing it to their audience and making it look very easy to trade crypto and much easier with futures.
That's like a suicide to the newbies that have been influenced that way because it is utterly wrong.

[Assface16678]

And I experienced that at some point in my trading journey, both crypto and forex, when I first started, I ignored the essential things that I should know: knowledge, skill, and experience. At first, it went smoothly. I traded recklessly, but it didn't last long because after that day, I kept losing and losing money until I'm in debt.


But that didn't stop me. I rested for a while, then started learning more about trading and focused only on crypto currency trading, mainly bitcoin. Of course, at first I still lost some money, but not like my first experience. Eventually,  I noticed that I'm getting better and better at trading. I'm not a perfect trader, so I still experience down trades, but I can earn more than I lose. Even trading is too risky and can cost you money if you don't do well. As long as you have dedication and patience, the losses will pay off.

[kawetsriyanto]

~ when I first started, I ignored the essential things that I should know: knowledge, skill, and experience. At first, it went smoothly. I traded recklessly, but it didn't last long because after that day, I kept losing and losing money until I'm in debt.

At least, you take a big lesson, right? 
Sure, knowledge or sufficient skills/ability is very important, it is fundamental thing in trading. How you know that you have traded properly if you have lack of knowledge. Even worse, if you have no skills at all, it means you only rely on the luck. You may have no problem in the early of your trading journey, you probably have a big luck at that time. But you must know that the luck won't last forever, it just happens temporarily. So, it is not surprised if you only get losses and losses later.

But that didn't stop me. I rested for a while, then started learning more about trading and focused only on crypto currency trading, mainly bitcoin. Of course, at first I still lost some money, but not like my first experience. Eventually,  I noticed that I'm getting better and better at trading.

When you have learned well, there should be a change. Although you won't always get profits but you must know how to minimize the chance for the loss. You probably more often to get profits and you understand how to deal with the risks. Sure, with sufficient knowledge, our trading must be better. It is because we know how to trade in the right way.

[Bitcoinpoly]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Thanks for this advice. Trading has a lot of risk and everyone needs to understand this especially the newbies, if you don’t have the right understanding of the volatile market please don’t go into trading, only if you have a good understanding only then you can trade do not be too anxious to make money. Although few exchanges offers help to the newbies who doesn’t have the understanding of the volatile market, the idea is to help newbies to make profit through trading, by this copy trading was introduced in order to help users who doesn’t have good trading skills to copy trade from professionals and make profits.

[sana54210]

But that didn't stop me. I rested for a while, then started learning more about trading and focused only on crypto currency trading, mainly bitcoin. Of course, at first I still lost some money, but not like my first experience. Eventually,  I noticed that I'm getting better and better at trading.

When you have learned well, there should be a change. Although you won't always get profits but you must know how to minimize the chance for the loss. You probably more often to get profits and you understand how to deal with the risks. Sure, with sufficient knowledge, our trading must be better. It is because we know how to trade in the right way.

That's the thing with trading, you need to aim for a profit, but be ready for a loss at the same time and that is very tough. You could just sell it all and get out which would make sure that you do not lose when it goes down, but if you do that then how are you going to profit when it goes up?

You could put all your money into it, and hope that it goes up and that is how you profit, but how would you protect yourself when it goes down? So you need to find a perfect place and method where you can profit when it goes up but be ready not to lose much when it goes down. Stop loss is a great method for this, you end up holding, but if it goes down then you are going to be basically holding it carefully and getting out when it goes down thanks to your stop loss.

[Renampun]

...

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

There is no certainty that futures trading is the best for beginners to do compared to ordinary trading which uses technical and fundamental analysis, however professional traders today are those who started their knowledge from zero in trading but with their spirit of fighting and never giving up, now they become professional people in trading.

Everyone, including beginners, can be successful in trading, it's just that there are several important factors that influence it, such as emotional factors - capital - knowledge - experience - resilience.

[dunfida]

Good and experienced traders know how to deal with the risky that futures trading has. But OP is giving the reminder to the newer ones that are aspiring with futures and are optimistic about it.
How many times did we see people that have jumped into the bandwagon of futures just because they've seen good traders earned decent money from there?
It shouldn't just because of you saw them make nice chunk of money through futures but understanding the whole thing about it and how you shouldn't be going along with it unequipped with knowledge.

futures really need proper knowledge if someone doesn't want to just suddenly went bankrupt, thats the thing with future, some people even deliberately forcing themselves to use 100x which honestly too much of a risk, even more so for someone that doesn't even have sufficient knowledge about how the market will turns out to be.
future is only for those that knews well they could be losing money and they could also be earning so much.
it depends on one strategy but rarely I see some retailer traders that could have foolproof strategy sometime its just beginners luck and pure luck the other times.

There's always the wrong idea about futures because it's wrongly advertised by influencers as it seems to be an easy way to make money in crypto and trading isn't a complicated thing.
I do understand that they're educating that it isn't only the stock market and forex that people can trade. But this is a dangerous way of introducing it to their audience and making it look very easy to trade crypto and much easier with futures.
That's like a suicide to the newbies that have been influenced that way because it is utterly wrong.

They are really just simply doing those things for the sake of trying to hook some referrals or someone who would really be that signing under their links on which it is really just that too rampant on seeing these things on social medias on where these people would be putting and showing up with those thousands of % of PNL into their ports and showing up some huge leverage on which into those noobs who do able to see
up those numbers specially on the profits that had been made then they would really be that basically becoming that impulsive and would really be having those thoughts on point that they should
really be that following that man and this what makes a really an advantage into those people who are really that flexing their gains in socmed.

As for us who are already that experienced then it is really that pretty darn obvious that they are really just simply flexing those things but not really with their losses on which it would be normal.
Dealing up with futures is never been that something that could really be save you up on making more profits than with spot but if you are really just that a newbie then it would really be always that wise that you should really be sticking into something much lesser risks. It is really just that there are ones who are really that too impatient and doesnt really like to see small gains and this is
why they do make themselves that too desperate.

[Distinctin]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Yes, trading can be very harmful and may ruin someone's life if its done without sufficient knowledge and experience in the market. The reason why trading needs more serious preparation in the market as the risk is higher than just by simply buying and long-term hodling. And we all know that not all those who decide to trade will end up trading positively. There are still distinction between real traders in the market and those who pretend to be traders.

However, trading can be learned well. This does not mean that losing is now become impossible, but you are now trading with a low risk of losing, and the more you decide to experience trading, the higher the chances that you will be a pro trader in the process. Just never decide to quit, unless if you are seeing trading not really your fate.

[gunhell16]

Trading can really destroy us if we don't know what we are doing here. That's why any normal trader will let trading destroy him if he knows that he knows nothing about it and that his trading assets will just disappear. Such common-sense questions only need to be answered.

That's why, as traders, we must have knowledge of the trading concept here in the crypto space. Ignorance is really not possible. Because in the end, you are also the loser, for sure.

[God bless u]

Trading can really destroy us if we don't know what we are doing here. That's why any normal trader will let trading destroy him if he knows that he knows nothing about it and that his trading assets will just disappear. Such common-sense questions only need to be answered.

That's why, as traders, we must have knowledge of the trading concept here in the crypto space. Ignorance is really not possible. Because in the end, you are also the loser, for sure.

Individuals read about trading and watch video in YouTube then think that they become master in trading but they don't know that experience is also very important. I don't think that if a person learn well but lack experience will ever win and also it is not possible that expert will never loss money but it is reality that ever person has some sort of beat because if a way of earning become so profitable only then nobody will say that trading is full of dangers.

Learning is necessary but trading is risky enough that sometimes it become dangerous for experts too and they don't understand that what to do. If you get knowledge about selection of profitable coins and identify the rules of trading then trading can be profitable but if you fail again and again then try to invest and ignore to trade.

[jaberwock]

And I experienced that at some point in my trading journey, both crypto and forex, when I first started, I ignored the essential things that I should know: knowledge, skill, and experience. At first, it went smoothly. I traded recklessly, but it didn't last long because after that day, I kept losing and losing money until I'm in debt.


But that didn't stop me. I rested for a while, then started learning more about trading and focused only on crypto currency trading, mainly bitcoin. Of course, at first I still lost some money, but not like my first experience. Eventually,  I noticed that I'm getting better and better at trading. I'm not a perfect trader, so I still experience down trades, but I can earn more than I lose. Even trading is too risky and can cost you money if you don't do well. As long as you have dedication and patience, the losses will pay off.

That's normal for a starter to rush. We are lacking in knowledge and skill but experience is still there. It was mostly bad at first though, but like they say, experience is the best teacher. We can still be able to correct our mistakes later on. Good for you that despite of your attitude you still get lucky and had a good trade in your early tries.

It's also great that you didn't gave up easily, because many are like that. If only they try again and correct their mistakes, they can be better next time. We can always practice in demo version so that we can prevent losing more money in the process of learning how to trade and then start small. Just change strategy immediately when you think the ones you use are not working.

[electronicash]

whether gambling or trading, if you lose money you certainly ruining yourself. but going futures i think is the one that i will not ever try again. because it seems like the exchange itself is betting against me. call me paranoid but they plan liquidate futures traders all the time.

of all the things that could happen, it's my analysis of the market that got messed up. if i am on the spot market, i am certain to make money especially because i am willing to wait.

[Mahanton]

And I experienced that at some point in my trading journey, both crypto and forex, when I first started, I ignored the essential things that I should know: knowledge, skill, and experience. At first, it went smoothly. I traded recklessly, but it didn't last long because after that day, I kept losing and losing money until I'm in debt.


But that didn't stop me. I rested for a while, then started learning more about trading and focused only on crypto currency trading, mainly bitcoin. Of course, at first I still lost some money, but not like my first experience. Eventually,  I noticed that I'm getting better and better at trading. I'm not a perfect trader, so I still experience down trades, but I can earn more than I lose. Even trading is too risky and can cost you money if you don't do well. As long as you have dedication and patience, the losses will pay off.

That's normal for a starter to rush. We are lacking in knowledge and skill but experience is still there. It was mostly bad at first though, but like they say, experience is the best teacher. We can still be able to correct our mistakes later on. Good for you that despite of your attitude you still get lucky and had a good trade in your early tries.

It's also great that you didn't gave up easily, because many are like that. If only they try again and correct their mistakes, they can be better next time. We can always practice in demo version so that we can prevent losing more money in the process of learning how to trade and then start small. Just change strategy immediately when you think the ones you use are not working.

Experience is indeed the best teacher but we shouldn't really that make ourselves that really that too desperate when it comes to learning up things because more mistakes would really be that more devastating for you on which you cant really be able to avoid but well its inevitable but the severity of things would come worst if you are really than on a rush and this is why you should really be that careful on whatever things that you are dealing of with. Speaking about trading could ruin you then definitely it could do when it comes to finances but also in other aspects just like on emotional and psychological and if you are that someone who isnt really that good when it comes to handling up emotions then you are that likely on ending up that kind of disaster.

Trading is something that do really involves with emotions and something that do really involves on something that could be psychological on which it would really be just that right that you should really be dealing up with things on the manner or way that you wont really be that making yourself that affected that much on the time that there would really be something happening significant.
Take it of as a risky thing and should really be engaged with that care so that you wont really be that finding yourself that too reactive on it on the time that
unexpected things do really happen.

[Sanitough]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Thank GOD you know this yourself that trading can be destructive as well as productive as it can be. Trading sometimes is done by naive people that feels you can just make millions overnight through this act but they don't know trading is something we actually need to play about and it takes year of study to actually fully understand the whole ethics and principle techniques behind trading successfully.

That is the reality about trading. It can give you the most satisfying profits, yet it can also make you homeless in an instant if you see trading as a get rich quick. Traders with greedy mindset are actually not exposed about how and when trading works, since all they believe that once they decide to trade, even without trading skills and working strategies, they will eventually win their trades and become instantly profitable. But we all know trading is not easy and could be very hard most especially for those who really don't know how to trade. In the end, what you will gain are obviously countless losses, not remarkable profits.

[fullhdpixel]

And I experienced that at some point in my trading journey, both crypto and forex, when I first started, I ignored the essential things that I should know: knowledge, skill, and experience. At first, it went smoothly. I traded recklessly, but it didn't last long because after that day, I kept losing and losing money until I'm in debt.

Though I don't mean it negatively. you deserved that because of how reckless you were from the beginning. People often make the mistake of getting into financial markets and starting trading without learning anything at all because they think it's not that difficult and they can manage without knowledge and experience.

But that didn't stop me. I rested for a while, then started learning more about trading and focused only on crypto currency trading, mainly bitcoin. Of course, at first I still lost some money, but not like my first experience. Eventually,  I noticed that I'm getting better and better at trading.

Most people get disheartened and stop trading forever whereas they should be doing what you did. It's never too late, there is always room for improvement and if things aren't working out, just take a break, evaluate everything from top to bottom, and restart again with new strategies and everything.

I'm not a perfect trader, so I still experience down trades, but I can earn more than I lose. Even trading is too risky and can cost you money if you don't do well. As long as you have dedication and patience, the losses will pay off.

Losing isn't a problem, even those who are experts in the market tend to fail some trades but if they are making more successful trades than failed trades, they should be good.

[Biznesmen]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Trading is not ruining you, but trading without any knowledge, fundamental analysis, or basic strategy will ruin you. That means before trading, you need to go through some research, and you should have a big picture in mind about trading. Practice makes perfect, so learn and gain experience. Even people with experience and knowledge in trading make mistakes and lose some money. But they are not discouraged by that because the path they traveled had more rocks and stones than now. So they start trading again and make up their loss. So don't be discouraged by one or two losses; just keep going.

[bangjoe]

Trading can really destroy us if we don't know what we are doing here. That's why any normal trader will let trading destroy him if he knows that he knows nothing about it and that his trading assets will just disappear. Such common-sense questions only need to be answered.

That's why, as traders, we must have knowledge of the trading concept here in the crypto space. Ignorance is really not possible. Because in the end, you are also the loser, for sure.

Fundamentalist and technical knowledge we must understand in a project because it will provide answers to predictions that we will make are also big capital in working on the market, if we don't know that we will be very easy to destroy.
In addition, regarding principles, strategies, also mental health must be at a better level in the market, because you will find the turmoil of your mind and heart in trading activities that are done, which may be if your mentality is bad, you will also be easily destroyed.

whether gambling or trading, if you lose money you certainly ruining yourself. but going futures i think is the one that i will not ever try again. because it seems like the exchange itself is betting against me. call me paranoid but they plan liquidate futures traders all the time.

of all the things that could happen, it's my analysis of the market that got messed up. if i am on the spot market, i am certain to make money especially because i am willing to wait.

About future trading many controversy, especially in assets with small capitalization, there must be some people who try to manipulate market movements, whether it's a market or whale, and yes you are not wrong, future trade is the same as gambling, if you lose then then You will lose your money because of liquidation. Better of spot assets, even though the price goes down, your money/assets you have will not be lost due to liquidation.

[Hamphser]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Trading is not ruining you, but trading without any knowledge, fundamental analysis, or basic strategy will ruin you. That means before trading, you need to go through some research, and you should have a big picture in mind about trading. Practice makes perfect, so learn and gain experience. Even people with experience and knowledge in trading make mistakes and lose some money. But they are not discouraged by that because the path they traveled had more rocks and stones than now. So they start trading again and make up their loss. So don't be discouraged by one or two losses; just keep going.

Just like on doing gambling and we know that making out trading without any analysis or basis would really be just completely like gambling and this is something that could really mess up your life if you arent really
that mindful when it comes to things because if you do find yourself that  making up trading without having those typical approach to it or whats needed then you are really that bound to mess up your life
when it comes to finances because of the capital that you had been wasting on. This isnt only talking on trading itself but also in other things as well on which it would really be just that normal that
negative things would happen if you arent really that able to do the standard approach into it.

Trading should really be approached with having that sufficient knowledge and later on build or enhance your skills with it. This isnt a field that you could really be able to easily relax
and take it as if it is really just that an easy thing that you could really be able to deal with.

[bitLeap]

Trading can really destroy us if we don't know what we are doing here. That's why any normal trader will let trading destroy him if he knows that he knows nothing about it and that his trading assets will just disappear. Such common-sense questions only need to be answered.

That's why, as traders, we must have knowledge of the trading concept here in the crypto space. Ignorance is really not possible. Because in the end, you are also the loser, for sure.

I think anything we do without sufficient knowledge and understanding will destroy us, including trading. Trading cannot be done playfully, I mean someone should not enter just to try because here is the risk of losing money. Let alone ordinary people, even professional people still have a great risk of losing in trading.
If we are a beginner, I do not recommend this at all, because many factors must be learned first and that takes time and process. I think many people have failed to understand trading when they were introduced to it, especially beginners who think it's something that will give them a quick profit.

[Awaklara]

I think anything we do without sufficient knowledge and understanding will destroy us, including trading. Trading cannot be done playfully, I mean someone should not enter just to try because here is the risk of losing money. Let alone ordinary people, even professional people still have a great risk of losing in trading.
If we are a beginner, I do not recommend this at all, because many factors must be learned first and that takes time and process. I think many people have failed to understand trading when they were introduced to it, especially beginners who think it's something that will give them a quick profit.

So would you ban a beginner who wants to learn trading?
I don't think that's the problem. Trading is indeed risky, so it is important for anyone who wants to learn to trade to know how to trade, and that can minimize risks before starting to trade.
Trading must be followed with great responsibility. However, those who decide to trade must be prepared for losses. they must be financially strong. because trading is not possible to double our money in a short time. there is a risk of loss that we can incur.

[uswa56]

I think anything we do without sufficient knowledge and understanding will destroy us, including trading. Trading cannot be done playfully, I mean someone should not enter just to try because here is the risk of losing money. Let alone ordinary people, even professional people still have a great risk of losing in trading.
If we are a beginner, I do not recommend this at all, because many factors must be learned first and that takes time and process. I think many people have failed to understand trading when they were introduced to it, especially beginners who think it's something that will give them a quick profit.

So would you ban a beginner who wants to learn trading?
I don't think that's the problem. Trading is indeed risky, so it is important for anyone who wants to learn to trade to know how to trade, and that can minimize risks before starting to trade.
Trading must be followed with great responsibility. However, those who decide to trade must be prepared for losses. they must be financially strong. because trading is not possible to double our money in a short time. there is a risk of loss that we can incur.

Every risk will be worth it with all possible profits, if anyone is afraid of experiencing losses then he should stay away from trading and he will not gain anything.
It's true as you said, therefore we have to learn and really understand how to trade to minimize risk. Nowadays there are lots of people who have traded and some of them are successful, some are not, we just have to choose what we want and what we should do how to do it.

[Litzki1990]

Trading may attract you a bit but trading is very different from gambling. Even if trading appeals to you I would say it won't attract as much as gambling and you will never lose money trading like gambling. I noticed this myself that when I made some money by trading, my mind repeatedly told me to trade more money and I traded more money. When I trade by increasing the amount of money and losing some money by that trade, my mind tells me not to trade again when I recover. This is what I said at the beginning of my trading but now it doesn't work in my mind anymore. Now I can control my mind and trade and I believe my style will not make any mistakes in trading now.

[Dickiy]

I think anything we do without sufficient knowledge and understanding will destroy us, including trading. Trading cannot be done playfully, I mean someone should not enter just to try because here is the risk of losing money. Let alone ordinary people, even professional people still have a great risk of losing in trading.
If we are a beginner, I do not recommend this at all, because many factors must be learned first and that takes time and process. I think many people have failed to understand trading when they were introduced to it, especially beginners who think it's something that will give them a quick profit.

So would you ban a beginner who wants to learn trading?
I don't think that's the problem. Trading is indeed risky, so it is important for anyone who wants to learn to trade to know how to trade, and that can minimize risks before starting to trade.
Trading must be followed with great responsibility. However, those who decide to trade must be prepared for losses. they must be financially strong. because trading is not possible to double our money in a short time. there is a risk of loss that we can incur.

Every risk will be worth it with all possible profits, if anyone is afraid of experiencing losses then he should stay away from trading and he will not gain anything.
It's true as you said, therefore we have to learn and really understand how to trade to minimize risk. Nowadays there are lots of people who have traded and some of them are successful, some are not, we just have to choose what we want and what we should do how to do it.

Well that's right, that's why we traders must have good planning, management and self-control, don't let you act greedy in your trading session by always wanting big profits, before getting into a mindset like that it would be nice to see in terms of risk first, as you said behind the big profits there will also be a very large level of risk. So we as traders are required to be able to balance our trading in various conditions and situations, none other than because only that will be able to keep our plans running with a good balance.

Sometimes lately I also often see novice traders who come only from one side (profit) because maybe they see other people who can get big profits, even though on the other hand it is not easy and there will be many tests in our process to get big profits. Instead of getting a big profit but what happened was the opposite and even experienced MC. Therefore, I hope that whoever it is to consider more before making a decision, do not be careless because your decision will determine everything, if indeed you feel unable then it is better to avoid it and find another profession that is more suitable for you, because basically I admit that trading is very difficult.

[gabbie2010]

It depends on the aspect you are viewing it from, there are lot of profitable traders.
Saying trading can ruin someone is understatement. It can only ruin you if you lack the bases such as experience and knowledge. With sufficient information about trading, it can change your life forever and vice versa.
Get the skills, utilize it and you shall prosper. Even after having the knowledge, you should try and put risk management into consideration by going for a better risk to reward ratio of nothing less than 1:3. All these put together will make you not to be ruined by trading.

It's take lot of effort and perseverance to become profitable in trading unfortunately a lot of newbie never wanted to pass through the learning process to acquire the necessary skills and knowledge owing to the fact that it would takes them a very long period of time to achieve that aim thus not knowing that failure in trading would ruin them consequently all their account would get liquidate, I also agreed that adopting a trading strategy with a low risk to high reward ratio with a strict money management is the key to becoming profitable in trading despite the fact that losses is inevitable yet a good system would enable the trader to have an edge over the market.

[Negotiation]

I think dates can be harmful to you if you short tee without understanding any training formula but I don't agree with you that trading can destroy people. If trading destroyed people then there wouldn't be such a big market for training in the world and if people couldn't profit from trading and it wouldn't be profitable.Then there would be no question of developing such a big market in the world. A trading market is a market where you will gain experience and practice for a long period of time of which a time comes you will be able to make more profit.

[Fatunad]

It depends on the aspect you are viewing it from, there are lot of profitable traders.
Saying trading can ruin someone is understatement. It can only ruin you if you lack the bases such as experience and knowledge. With sufficient information about trading, it can change your life forever and vice versa.
Get the skills, utilize it and you shall prosper. Even after having the knowledge, you should try and put risk management into consideration by going for a better risk to reward ratio of nothing less than 1:3. All these put together will make you not to be ruined by trading.

It's take lot of effort and perseverance to become profitable in trading unfortunately a lot of newbie never wanted to pass through the learning process to acquire the necessary skills and knowledge owing to the fact that it would takes them a very long period of time to achieve that aim thus not knowing that failure in trading would ruin them consequently all their account would get liquidate, I also agreed that adopting a trading strategy with a low risk to high reward ratio with a strict money management is the key to becoming profitable in trading despite the fact that losses is inevitable yet a good system would enable the trader to have an edge over the market.

Learning would really be not so easy on which it would really be taking up that time and sufficient effort and capital for you to learn up this kind of skills on which there's no denying that it could really potentially make
yourself that financially free but before reaching out this kind of state then it wouldnt really be something that could be attain so easily. Just like been said that it would be taking up some time before you would really
be able to find yourself sustainable plus not all who do engage with trading would really be having guarantees on making themselves successful on which there are ones who do really be able to make it
and there are ones who do completely fail no matter what they do.

This is why it would really be that better that you should really be sensible on whatever things that you do gonna tend to do with trading involvement. This isnt something a childsplay
on which you would really be just that simply putting up a position and not really making out some analysis on which you are really just basically wasting up
some money and this is where you should really be that mindful about on things that you are involving into.

[boyptc]

If trading destroyed people then there wouldn't be such a big market for training in the world and if people couldn't profit from trading and it wouldn't be profitable.

Trading is all about people losing and winning.

There are two sides of it and that's why it keeps going on. But it's not always the winners will always be winners and the losers won't remain to be at that depth of losses forever.

There's always the exchange in trading and if your motivation is lack of pursuing you then it's not going to work for you because you don't want to trade anymore as you're discouraged by your results.

[kawetsriyanto]

That's the thing with trading, you need to aim for a profit, but be ready for a loss at the same time and that is very tough. You could just sell it all and get out which would make sure that you do not lose when it goes down, but if you do that then how are you going to profit when it goes up?

Sure, when we decide to trade or invest in crypto coins, we must be ready both for profits and the losses. The result of trading or investing will be always those 2 things (profits or the losses). When we sell your coins, it depends on our goals. In the ideal condition, we must sell for profits. When people sell for losses, it is only for an urgent situation. That's why always choose safe coins and use safe money, so we don't need to experience urgent situation.

You could put all your money into it, and hope that it goes up and that is how you profit, but how would you protect yourself when it goes down? So you need to find a perfect place and method where you can profit when it goes up but be ready not to lose much when it goes down. Stop loss is a great method for this, you end up holding, but if it goes down then you are going to be basically holding it carefully and getting out when it goes down thanks to your stop loss.

It is always not recommended to put all the money. Only use safe money for trading or investment, use an excess money only!!
We must remember that trading or investing in crypto is high risk, specifically for altcoins. So, don't try to gamble with our luck by spending all the money!

For people who understand how to deal with the risks, they must set a stop loss. It is the way to prevent a huge drop in crypto price. But not everyone set a stop loss, I have friends that never set a stop loss when they do day trading. They said that it is no need to set a stop loss, it is because they entry and exit just in a single day.

[savetheFORUM]

Trading may attract you a bit but trading is very different from gambling. Even if trading appeals to you I would say it won't attract as much as gambling and you will never lose money trading like gambling. I noticed this myself that when I made some money by trading, my mind repeatedly told me to trade more money and I traded more money. When I trade by increasing the amount of money and losing some money by that trade, my mind tells me not to trade again when I recover. This is what I said at the beginning of my trading but now it doesn't work in my mind anymore. Now I can control my mind and trade and I believe my style will not make any mistakes in trading now.

Even if a trader makes mistakes in their trading journey, it still doesn't make trading similar to gambling because trading isn't completely based on luck whereas gambling is completely a luck-based thing. Someone who gains enough knowledge about the market and cryptocurrency trading practices will never have to suffer excessive losses because even if they manage to lose a few trades, they can eventually recover those losses with profitable trades.

People who say trading can ruin someone lack proper knowledge and experience and that is the reason why they think this way, because if someone understands how trading works, they would never say that it can ruin someone. I know that it can do that, but only if someone gets into trading without doing what's necessary at the beginning which is to gain complete knowledge.

[Questat]

Trading may attract you a bit but trading is very different from gambling. Even if trading appeals to you I would say it won't attract as much as gambling and you will never lose money trading like gambling. I noticed this myself that when I made some money by trading, my mind repeatedly told me to trade more money and I traded more money. When I trade by increasing the amount of money and losing some money by that trade, my mind tells me not to trade again when I recover. This is what I said at the beginning of my trading but now it doesn't work in my mind anymore. Now I can control my mind and trade and I believe my style will not make any mistakes in trading now.

Even if a trader makes mistakes in their trading journey, it still doesn't make trading similar to gambling because trading isn't completely based on luck whereas gambling is completely a luck-based thing. Someone who gains enough knowledge about the market and cryptocurrency trading practices will never have to suffer excessive losses because even if they manage to lose a few trades, they can eventually recover those losses with profitable trades.

People who say trading can ruin someone lack proper knowledge and experience and that is the reason why they think this way, because if someone understands how trading works, they would never say that it can ruin someone. I know that it can do that, but only if someone gets into trading without doing what's necessary at the beginning which is to gain complete knowledge.

And the truth is that trading is just for those individuals that are willing to lose and learn. Not all who have tried trading are willing to learn, some get fired themselves after suffering losses. This is to say that trading is not for everyone, even if you have a lot of money.
On the other hand, I believe that trading can ruin us, especially our finances if mismanaged. A reason why we should not think that trading is easy and never assume that everything went so well is that even experienced traders (experts) have also committed mistakes, how much for newcomers.

[Inwestour]

And the truth is that trading is just for those individuals that are willing to lose and learn. Not all who have tried trading are willing to learn, some get fired themselves after suffering losses. This is to say that trading is not for everyone, even if you have a lot of money.
On the other hand, I believe that trading can ruin us, especially our finances if mismanaged. A reason why we should not think that trading is easy and never assume that everything went so well is that even experienced traders (experts) have also committed mistakes, how much for newcomers.

After a successful period of trading, a series of failures may occur and this can concern absolutely any trader, because I am sure that no trader is able to trade for a long period without losses. Another thing is that an experienced trader will cope with this better, since he will know that this is a temporary phenomenon and he will competently manage his trading deposit.

But for a beginner, this will all be much more difficult, since a series of failures can make him doubt how good his strategy is. And if a beginner decided to quit his job in order to make money from trading but got a series of unsuccessful trades and lost significantly more than he earned, then this can break him at the very beginning of his journey.

[Aanuoluwatofunmi]

We are bound to loose while making trades, but not to ruin our trading career by not knowing what to do, we can as well do all we fan in our own capacity to see that we avoid making costly mistakes that can lead to a massive loss of trading funds, each time we loose a trade we learn from that and work on that same aspect to improve more better the next time, but for someone who don't know how to trade, they shouldn't got themselves into it except they have the background knowledge of trading.

[milewilda]

Trading may attract you a bit but trading is very different from gambling. Even if trading appeals to you I would say it won't attract as much as gambling and you will never lose money trading like gambling. I noticed this myself that when I made some money by trading, my mind repeatedly told me to trade more money and I traded more money. When I trade by increasing the amount of money and losing some money by that trade, my mind tells me not to trade again when I recover. This is what I said at the beginning of my trading but now it doesn't work in my mind anymore. Now I can control my mind and trade and I believe my style will not make any mistakes in trading now.

Even if a trader makes mistakes in their trading journey, it still doesn't make trading similar to gambling because trading isn't completely based on luck whereas gambling is completely a luck-based thing. Someone who gains enough knowledge about the market and cryptocurrency trading practices will never have to suffer excessive losses because even if they manage to lose a few trades, they can eventually recover those losses with profitable trades.

People who say trading can ruin someone lack proper knowledge and experience and that is the reason why they think this way, because if someone understands how trading works, they would never say that it can ruin someone. I know that it can do that, but only if someone gets into trading without doing what's necessary at the beginning which is to gain complete knowledge.

And the truth is that trading is just for those individuals that are willing to lose and learn. Not all who have tried trading are willing to learn, some get fired themselves after suffering losses. This is to say that trading is not for everyone, even if you have a lot of money.
On the other hand, I believe that trading can ruin us, especially our finances if mismanaged. A reason why we should not think that trading is easy and never assume that everything went so well is that even experienced traders (experts) have also committed mistakes, how much for newcomers.

Simply into those people who do really to tend to make some risk and this isnt something for weak heart or to those who doesnt really want some losing money kind of situation then trading isnt really for you.
Trading could definitely ruin you if you wont really be that having that kind of management on which you would really be needing some considerations before you could really be able to make yourself that effective or able to sustain this market. New people would really be usually be having impressions that doing trading is really just that easy as pie without even trying out to think on how dangerous it would be if you wont really
that making yourself that prepared.

Trading isnt for everyone and not anyone could really be able to succeed.This is why it would really be a trial and error thing on which you would really be needing to test out on what works
and whats not. You should really be that prepared for the worst and prepared for whatever things that you do encounter. Dont make yourself that
get that too confident on things that you are dealing because market could turn up side own in a blink of an eye. So be careful!.

[retreat]

Everyone understands that trading is about buying low and selling high, but it's not that easy. Trading is more than just technical and fundamental analysis, if it were just like that it would mean that there are more than 10% of people who are successful in trading, but in fact less than 10% of people are successful in trading. Because trading is not only about fundamental analysis and technique, but about intuition and psychology. These are 2 things that should not be ignored from trading and usually these two things are what make people successful at trading. So there is no need to be surprised that there are people who are successful in trading, but have simple fundamental analysis, because they are confident in what they are doing.

[bitterguy28]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

there is nothing that completely profitable without a risk and if you are fool and greedy then yes you can ruin your life and will even end you for nothing so trade with care and passion .
also trade with precaution and not just to earn higher but to also enjoy your trading activities.

Though am a better trader now, but I still thred with caution, 

I want to believe you are truly a trader but your tag nhistory telling me not because you are plagiarizing your posts and this is not an attitude of true trader , why need to plagiarize when you truly have the skill and ability to earn from trading?

heres the proof >>

https://bitcointalk.org/index.php?topic=1926895.msg62957994#msg62957994

[Woodie]

Trading is most times profitable and sometimes challenging to traders

Unfortunately "most times profitable" is far from the reality, when we look at the numbers of successful chart traders, it's quite disappointing to say that few are actually profitable out there as this art/skill gets emotional along the way and many traders lose focus, and trade against their strategy which in the end gets to blowing accounts...

If these numbers are to be brought up, we need to work on our psychology and try by all means to stick to our strategies.

but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Totally agree, trading is not for the faint hearted and it can actually can get you financially stressed if trading without any proper guidance or strategy.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

If not using the leveraged trading platforms, buying and hodling is less risker though to enjoy decent profits as at now capital injection is needed unlike when Bitcoin was making a name of itself over 10 years ago...

[bayu7adi]

In trading, the more money you use, the higher the risk. By risk, I mean how it affects someone's finances... when newbie allocate only a smaller portion of your money for trading, it teaches you to evaluate every successful decision. A newbie can start with small amounts for trading, and this phase can always progress to futures trading or derivatives.

Those of us who are more knowledgeable about the world of cryptocurrency should guide newcomers who are just starting out. Everyone has gone through the newbie phase, and when in that phase, you know what a newbie needs. Help and guidance are essential.

Newbies should also understand that they can't always be spoon-fed information. They need to learn through trial and error and gain more experience on their own.

[Kelvinid]

Everyone understands that trading is about buying low and selling high, but it's not that easy. Trading is more than just technical and fundamental analysis, if it were just like that it would mean that there are more than 10% of people who are successful in trading, but in fact less than 10% of people are successful in trading. Because trading is not only about fundamental analysis and technique, but about intuition and psychology. These are 2 things that should not be ignored from trading and usually these two things are what make people successful at trading. So there is no need to be surprised that there are people who are successful in trading, but have simple fundamental analysis, because they are confident in what they are doing.

Indeed, it is all about buying low and selling in order to earn a profit but what makes it difficult is that we can't predict the market movement right. And in order to understand that market movement, we need to enhance our TA which seems difficult for the majority and this is the reason why many traders suffer losses and even quit.
Indeed, we don't need to be surprised why some people succeeded in trading, the same thing we feel from those who fail. Perhaps, trading is too risky and we can't manage it so well, losses are expected to happen and the impact is huge mentally and finances.

[Fuso.hp]

I see crypto trading as an online business, if wrong decisions are made in the business then it is normal to get something bad from that business. If the trading is done properly then we can get a lot of profit from that trading but instead of trading according to the correct rules if we trade without understanding about trading then that trading is definitely harmful for us. If you're angry about something and don't make a big decision about trading with that anger, you don't think that decision will bring anything good for your training. First have a good idea about trading then start training then use that good idea to take the right decision at the right time. If a trader can use his brain and take the right decision in trading at the right time then I believe he can learn a lot besides making money from trading.

[bitLeap]

Everyone understands that trading is about buying low and selling high, but it's not that easy. Trading is more than just technical and fundamental analysis, if it were just like that it would mean that there are more than 10% of people who are successful in trading, but in fact less than 10% of people are successful in trading. Because trading is not only about fundamental analysis and technique, but about intuition and psychology. These are 2 things that should not be ignored from trading and usually these two things are what make people successful at trading. So there is no need to be surprised that there are people who are successful in trading, but have simple fundamental analysis, because they are confident in what they are doing.

Indeed, it is all about buying low and selling in order to earn a profit but what makes it difficult is that we can't predict the market movement right. And in order to understand that market movement, we need to enhance our TA which seems difficult for the majority and this is the reason why many traders suffer losses and even quit.
Indeed, we don't need to be surprised why some people succeeded in trading, the same thing we feel from those who fail. Perhaps, trading is too risky and we can't manage it so well, losses are expected to happen and the impact is huge mentally and finances.

That is why we must prepare ourselves well before jumping into trading. We must be mentally prepared and also financially prepared. Not only that, our understanding of trading must really be the basic things that we must learn. I do not recommend this to people who only see the benefits, let alone people who only try without sufficient knowledge.
If you jump in without a good understanding, be it mentally, financially and knowledgeably, then it's the same as throwing money away. The learning process will not be short, it will take a long time to really understand.

[Inwestour]

Indeed, it is all about buying low and selling in order to earn a profit but what makes it difficult is that we can't predict the market movement right. And in order to understand that market movement, we need to enhance our TA which seems difficult for the majority and this is the reason why many traders suffer losses and even quit.
Indeed, we don't need to be surprised why some people succeeded in trading, the same thing we feel from those who fail. Perhaps, trading is too risky and we can't manage it so well, losses are expected to happen and the impact is huge mentally and finances.

There are many reasons for unsuccessful trading, starting with the fact that the trader does not have one strategy that works for him, there are not several indicators by which he can act, all this creates a kind of chaos that is very difficult to understand, especially when there are too many transactions. And as a result, there is no analysis of errors, and if there is no analysis, then there will be no development. Trading is discipline in everything, otherwise the result will be appropriate.

[Rockstarguy]

I see crypto trading as an online business, if wrong decisions are made in the business then it is normal to get something bad from that business. If the trading is done properly then we can get a lot of profit from that trading but instead of trading according to the correct rules if we trade without understanding about trading then that trading is definitely harmful for us. If you're angry about something and don't make a big decision about trading with that anger, you don't think that decision will bring anything good for your training. First have a good idea about trading then start training then use that good idea to take the right decision at the right time. If a trader can use his brain and take the right decision in trading at the right time then I believe he can learn a lot besides making money from trading.

Doing trading right people needs to follow the rules, if not it will definitely turns out bad at the end of it. Getting trading right is all about understanding,  and using the right strategies and follow the rules accordingly.  This will help in making a good trade. Making wrong decisions can also affects trading not to yield a good profit. Trading is something people don't need to rush , but should be understood very well if people really want to get it right well. When it comes to trading learning should never be neglected but consider as a tool to achieve a better result.

[synchronym]

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

op no doubt you are right i agree with you. because if a trader does not have good knowledge about trade he will never be successful. So all of us should not trade if we don't know about trade. Those of us who are new must think of buying low and selling high when trading. And always trade with time and patience. Always keep an eye on the market and this way you will be successful in trading.

[kawetsriyanto]

op no doubt you are right i agree with you. because if a trader does not have good knowledge about trade he will never be successful. So all of us should not trade if we don't know about trade. Those of us who are new must think of buying low and selling high when trading. And always trade with time and patience. Always keep an eye on the market and this way you will be successful in trading.

Of course. How someone can succeed in trading if he has no sufficient knowledge about it, right? People who trade with no proper knowledge is the same as gambling with crypto coins. It is impossible to succeed if we use the same way as gambling. Even if we can get profits in the early of our trading journey, I'm sure it won't last a long time. After few days or weeks, people who use the gambling method probably starting to get losses.

To know buying at a low price and plan to sell in a high price, we need good knowledge to analyze the time. It is impossible to know the right time for selling and buying if we don't know how to determine it. So, having sufficient knowledge is a must if we expect the success in trading.

[HONDACD125]

op no doubt you are right i agree with you. because if a trader does not have good knowledge about trade he will never be successful. So all of us should not trade if we don't know about trade. Those of us who are new must think of buying low and selling high when trading. And always trade with time and patience. Always keep an eye on the market and this way you will be successful in trading.

​If you don't know how to trade,  you shouldn't trade, but that's not the way to avoid losses in trading. If we don't allow someone to do something, how can they do harm? Loss happens when we make mistakes and mistakes are always learned from. If we don't know trading then we need to learn about trading and after getting the knowledge we have to get into the field practically. Everyone can make losses in the beginning and mistakes are more in the beginning but there are various ways by which we can minimize our losses.

Success in any field does not come from the first day but it takes a long journey. Trading also requires great experience but experience will come when you try to gain experience. If you don't up-trade you will never gain experience. Therefore, it is important to start trading after acquiring information and knowledge about trading from different platforms. Of course, you should start trading with very little capital so that you have less risk of loss after making a mistake and you also know your mistakes.
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[Bushdark]

op no doubt you are right i agree with you. because if a trader does not have good knowledge about trade he will never be successful. So all of us should not trade if we don't know about trade. Those of us who are new must think of buying low and selling high when trading. And always trade with time and patience. Always keep an eye on the market and this way you will be successful in trading.

Of course. How someone can succeed in trading if he has no sufficient knowledge about it, right? People who trade with no proper knowledge is the same as gambling with crypto coins. It is impossible to succeed if we use the same way as gambling. Even if we can get profits in the early of our trading journey, I'm sure it won't last a long time. After few days or weeks, people who use the gambling method probably starting to get losses.

To know buying at a low price and plan to sell in a high price, we need good knowledge to analyze the time. It is impossible to know the right time for selling and buying if we don't know how to determine it. So, having sufficient knowledge is a must if we expect the success in trading.

Trading is a risky adventure and if we don't have a good skill that would aid us to make good profits from the market, then we might end up losing big from the market. There are people that was once a trader before but have left their Trading journey because of incompetence to survive as a trader and achieve the reason why they enter into trading. It is very important for one to know how to trade so that they can as well make money from the market, although it is not that easy to do that and come out of the market with good profits as a trader.

[Fatunad]

op no doubt you are right i agree with you. because if a trader does not have good knowledge about trade he will never be successful. So all of us should not trade if we don't know about trade. Those of us who are new must think of buying low and selling high when trading. And always trade with time and patience. Always keep an eye on the market and this way you will be successful in trading.

Of course. How someone can succeed in trading if he has no sufficient knowledge about it, right? People who trade with no proper knowledge is the same as gambling with crypto coins. It is impossible to succeed if we use the same way as gambling. Even if we can get profits in the early of our trading journey, I'm sure it won't last a long time. After few days or weeks, people who use the gambling method probably starting to get losses.

To know buying at a low price and plan to sell in a high price, we need good knowledge to analyze the time. It is impossible to know the right time for selling and buying if we don't know how to determine it. So, having sufficient knowledge is a must if we expect the success in trading.

Trading is a risky adventure and if we don't have a good skill that would aid us to make good profits from the market, then we might end up losing big from the market. There are people that was once a trader before but have left their Trading journey because of incompetence to survive as a trader and achieve the reason why they enter into trading. It is very important for one to know how to trade so that they can as well make money from the market, although it is not that easy to do that and come out of the market with good profits as a trader.

When you are just new then it would be normal that you should really be needing to do the things which a must thing to be done on which you cant really just that make yourself that dive in and thinking that you could really be able to make money out of trading without putting much effort or without having that proper analysis on which we know that it isnt something that  you could really be able to handle it out immediately.
It would really be requiring tons of time and effort for you to be able to have a good grasps to it on which means that on the time that you would really be tending to have that engagement then it isnt something that
you could really be able to done it without having problems or trouble. It would really be that tough and challenging i should say on which it would really be just that common that you should be needing
that serious approach.

Dont make yourself in a rush because this is where things turns out to be that completely a mess if you do have this kind of method on which you are really that basically be that
rushing on things to earn which it would really be ending up on mistakes and errors and this is something that we dont really like.

[shinratensei_]

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

op no doubt you are right i agree with you. because if a trader does not have good knowledge about trade he will never be successful. So all of us should not trade if we don't know about trade. Those of us who are new must think of buying low and selling high when trading. And always trade with time and patience. Always keep an eye on the market and this way you will be successful in trading.

even that is not guarantee you'd be successfull in trading, trade is combination of having good intuition and luck, basically you can have all the knowledge about trading in the world and you'd still lose, why? because sometime market goes out of their way, who knows some random meme coin could pump, also who knows that solana after ftx rumoured sell out of their assets gonna instead make it increase, doesn't make sense right? but thats just how market works, there's always some strange thing happening with the market that indeed make many people scratch their head, the market seem to always coming out of the expectation.
thats why trading is intuition and luck because with these two combination you can be profitable trader other wise you can just only waste your money and time.

[EarnOnVictor]

op no doubt you are right i agree with you. because if a trader does not have good knowledge about trade he will never be successful. So all of us should not trade if we don't know about trade. Those of us who are new must think of buying low and selling high when trading. And always trade with time and patience. Always keep an eye on the market and this way you will be successful in trading.

Of course. How someone can succeed in trading if he has no sufficient knowledge about it, right? People who trade with no proper knowledge is the same as gambling with crypto coins. It is impossible to succeed if we use the same way as gambling. Even if we can get profits in the early of our trading journey, I'm sure it won't last a long time. After few days or weeks, people who use the gambling method probably starting to get losses.

To know buying at a low price and plan to sell in a high price, we need good knowledge to analyze the time. It is impossible to know the right time for selling and buying if we don't know how to determine it. So, having sufficient knowledge is a must if we expect the success in trading.

Trading is a risky adventure and if we don't have a good skill that would aid us to make good profits from the market, then we might end up losing big from the market. There are people that was once a trader before but have left their Trading journey because of incompetence to survive as a trader and achieve the reason why they enter into trading. It is very important for one to know how to trade so that they can as well make money from the market, although it is not that easy to do that and come out of the market with good profits as a trader.

-snip-
Dont make yourself in a rush because this is where things turns out to be that completely a mess if you do have this kind of method on which you are really that basically be that
rushing on things to earn which it would really be ending up on mistakes and errors and this is something that we dont really like.

I don't preach weakness in trading but rather a strength, and yes, traders shouldn't rush, it's not allowed but not slack as well. There are times that you would slack and you will miss the opportunity. Ony that traders should not be emotional and believe they can make easy or fast money, and if that is what you meant by the "rush" then you are on point. Still in trading, one should rather hit it at the right places and at the right time. How should it be done? Simply by learning and training to gather trading knowledge and experience and never to leave any stone unturned until the true certified trading experience is impacted and this should be such that is foolproof and will always stand the test of time.

Above all, traders who are even experienced could still lose repeatedly, however, what makes traders unique is how they are fearless, patient and disciplined after they have successfully acquired the right trading systems that are reliable. Such traders often manage their money and risks effectively and are trading with the right psychology that is void of emotion or deviation from their trading plans.

[wiss19]

Indeed, it is all about buying low and selling in order to earn a profit but what makes it difficult is that we can't predict the market movement right. And in order to understand that market movement, we need to enhance our TA which seems difficult for the majority and this is the reason why many traders suffer losses and even quit.
Indeed, we don't need to be surprised why some people succeeded in trading, the same thing we feel from those who fail. Perhaps, trading is too risky and we can't manage it so well, losses are expected to happen and the impact is huge mentally and finances.

There are many reasons for unsuccessful trading, starting with the fact that the trader does not have one strategy that works for him, there are not several indicators by which he can act, all this creates a kind of chaos that is very difficult to understand, especially when there are too many transactions. And as a result, there is no analysis of errors, and if there is no analysis, then there will be no development. Trading is discipline in everything, otherwise the result will be appropriate.

I think the most fundamental reason a trader fails is the lack of knowledge and experience about trading practices and the market. They don't know how trading is done, they don't have any knowledge about trading strategies, indicators, or anything else that might be important for a trader to know before they get financially involved, and even if someone has done some research and gained some knowledge, they haven't practiced what they've learned.

So, a trader must first gain knowledge, enough knowledge so that they don't get confused at any point in their journey, and once they do that, they should practice that knowledge using demo accounts applying all the indicators and strategies that they want to use in their trading when they start with real money.

[boty]

I think the most fundamental reason a trader fails is the lack of knowledge and experience about trading practices and the market. They don't know how trading is done, they don't have any knowledge about trading strategies, indicators, or anything else that might be important for a trader to know before they get financially involved, and even if someone has done some research and gained some knowledge, they haven't practiced what they've learned.

So, a trader must first gain knowledge, enough knowledge so that they don't get confused at any point in their journey, and once they do that, they should practice that knowledge using demo accounts applying all the indicators and strategies that they want to use in their trading when they start with real money.

Most people who experience failure in trading do not have good knowledge of the trading they do and they do it not with the skills and knowledge they have and they do it based on how they feel when they see people who have been successful in trading. There's nothing wrong with using a demo account to try with the knowledge we already have, but trading with the capital we have will certainly not be the same as using a demo account. It's important for those of us who want to trade to have good knowledge in the field of trading we do.

[Dickiy]

I think the most fundamental reason a trader fails is the lack of knowledge and experience about trading practices and the market. They don't know how trading is done, they don't have any knowledge about trading strategies, indicators, or anything else that might be important for a trader to know before they get financially involved, and even if someone has done some research and gained some knowledge, they haven't practiced what they've learned.

So, a trader must first gain knowledge, enough knowledge so that they don't get confused at any point in their journey, and once they do that, they should practice that knowledge using demo accounts applying all the indicators and strategies that they want to use in their trading when they start with real money.

Most people who experience failure in trading do not have good knowledge of the trading they do and they do it not with the skills and knowledge they have and they do it based on how they feel when they see people who have been successful in trading. There's nothing wrong with using a demo account to try with the knowledge we already have, but trading with the capital we have will certainly not be the same as using a demo account. It's important for those of us who want to trade to have good knowledge in the field of trading we do.

That's the importance of understanding and experience even if it's just a basic understanding of trading but it's good enough especially for beginners who are just getting involved. Failure is normal, but I wouldn't exactly say it's normal if you come in unprepared with what should be prepared in general like some basic things when someone wants to get involved in trading. I think before you go in you should have done some research and found out about what you should be prepared for, but that's not always possible, because obviously like you said and it's not uncommon that lately a lot of beginners come in just because they're too focused or tempted by the profits that other people have made and with that they don't think about other things like some of the preparations that a beginner trader should have, one of which is good planning, management and some risk management.

Honestly with that alone I can already confirm what impact they will feel later, failure with a considerable level of loss is very likely to occur when you come without bringing any fishing gear, yes I understand there is a great profit opportunity there but you must understand that it is only an opportunity and it is not easy to get the benefits that others get. Therefore, that is why we must have the right understanding along with some qualified preparations, because none other than all that will be able to lead us to a profit, and to minimize the risk of loss then you must have very good risk management in order to avoid the amount of unexpected losses. There is no certain profit but by making everything run in balance then you will be able to make the profit come for sure and consistently.

And yes that's right, honestly I also started like that, when I first entered the world of trading I always used a demo account as one of the stages of learning and understanding, I did not immediately start on a live account because I clearly understood all the risks that could occur in the midst of my limited understanding, the account was one of the best alternatives for anyone, as long as they could learn and utilize it properly, and over time if you feel you understand enough then you can start with a live account.

[Bushdark]

I think the most fundamental reason a trader fails is the lack of knowledge and experience about trading practices and the market. They don't know how trading is done, they don't have any knowledge about trading strategies, indicators, or anything else that might be important for a trader to know before they get financially involved, and even if someone has done some research and gained some knowledge, they haven't practiced what they've learned.

So, a trader must first gain knowledge, enough knowledge so that they don't get confused at any point in their journey, and once they do that, they should practice that knowledge using demo accounts applying all the indicators and strategies that they want to use in their trading when they start with real money.

Most people who experience failure in trading do not have good knowledge of the trading they do and they do it not with the skills and knowledge they have and they do it based on how they feel when they see people who have been successful in trading. There's nothing wrong with using a demo account to try with the knowledge we already have, but trading with the capital we have will certainly not be the same as using a demo account. It's important for those of us who want to trade to have good knowledge in the field of trading we do.

Trading is a way of making money for ourselves and when trading the contrary can still happens to us. It is very important for us to trade with consciousness and never to be too greedy. If we are good in trading and at the same time we are greedy, we can end up keep making losing for ourselves which we might not understand the reasons behind it. Any financial decisions we are taking need scrupulous attention so that we can make good decisions that would aid us to succeed and make more in the market that what we are supposed to. The risk in trading isbthe fear of losing what we have.

[knowngunman]

Most people who experience failure in trading do not have good knowledge of the trading they do and they do it not with the skills and knowledge they have and they do it based on how they feel when they see people who have been successful in trading. There's nothing wrong with using a demo account to try with the knowledge we already have, but trading with the capital we have will certainly not be the same as using a demo account. It's important for those of us who want to trade to have good knowledge in the field of trading we do.

It's very unfortunate that a lot of traders jump into the market without having a clear understanding of the risks involved. Some traders are actually into trading because they see others who have been successful and think they can do the same without taking the time to learn the skills and knowledge needed to be successful.

Before you think of venturing into trading, there's need for you to understand the psychology of trading which involves emotions like greed and fear because these two can finish your trading career if you don't know how to handle them. Once you have a solid foundation of knowledge, you can start practicing with a demo account and when you're fully ready, you can slowly do transition to trading with real money and as you are gaining experience, you need to develop a trading plan.

[Hamphser]

Indeed, it is all about buying low and selling in order to earn a profit but what makes it difficult is that we can't predict the market movement right. And in order to understand that market movement, we need to enhance our TA which seems difficult for the majority and this is the reason why many traders suffer losses and even quit.
Indeed, we don't need to be surprised why some people succeeded in trading, the same thing we feel from those who fail. Perhaps, trading is too risky and we can't manage it so well, losses are expected to happen and the impact is huge mentally and finances.

There are many reasons for unsuccessful trading, starting with the fact that the trader does not have one strategy that works for him, there are not several indicators by which he can act, all this creates a kind of chaos that is very difficult to understand, especially when there are too many transactions. And as a result, there is no analysis of errors, and if there is no analysis, then there will be no development. Trading is discipline in everything, otherwise the result will be appropriate.

I think the most fundamental reason a trader fails is the lack of knowledge and experience about trading practices and the market. They don't know how trading is done, they don't have any knowledge about trading strategies, indicators, or anything else that might be important for a trader to know before they get financially involved, and even if someone has done some research and gained some knowledge, they haven't practiced what they've learned.

So, a trader must first gain knowledge, enough knowledge so that they don't get confused at any point in their journey, and once they do that, they should practice that knowledge using demo accounts applying all the indicators and strategies that they want to use in their trading when they start with real money.

Whether you are technical or fundamental type of trader on which if you dont know on what you are doing then you would definitely be messing up and this is something that must be reduced or should really be lessen yet more mistakes would really be resulting into more errors or simply losing money. Trading isnt something a simple thing on which you could be able to deal off with. Always set into your mind that this do really involves money and every step you should make should really be researched out carefully or would really be applying analysis and not really just that basing up from your intuition.
We do know that it isnt something that could really be that so easily be making one.

Ruining you? Of course this is just like gambling on which on the time that losing money is already that severe or comes into a point that you are compromising your need and living
or simply with your financial situation then this is something that could make out such impact. We should really be that careful on what we are dealing with.
Risk management would really be always that crucial.

[poodle63]

I think the most fundamental reason a trader fails is the lack of knowledge and experience about trading practices and the market. They don't know how trading is done, they don't have any knowledge about trading strategies, indicators, or anything else that might be important for a trader to know before they get financially involved, and even if someone has done some research and gained some knowledge, they haven't practiced what they've learned.

So, a trader must first gain knowledge, enough knowledge so that they don't get confused at any point in their journey, and once they do that, they should practice that knowledge using demo accounts applying all the indicators and strategies that they want to use in their trading when they start with real money.

Most people who experience failure in trading do not have good knowledge of the trading they do and they do it not with the skills and knowledge they have and they do it based on how they feel when they see people who have been successful in trading. There's nothing wrong with using a demo account to try with the knowledge we already have, but trading with the capital we have will certainly not be the same as using a demo account. It's important for those of us who want to trade to have good knowledge in the field of trading we do.

demo account exists to serve purpose that is to give experience for the newbies, I think it does make sense to use demo account though the emotions that gonna comes out of ourselves isn't gonna be as intense as real trading because we are betting nothing therefore we can be cold headed, but its indeed good way to know the hang of the market and grasp whats truly going on.
but afterwards someone shouldn't just jump into the real market with betting all the capital they have, try with some small capital first and then we'll see.
because after all emotions does affect a lot in making decision.
the only implication is if the exchange giving off some faked data giving favour towards the trader that trying out demo account, i'm sure most of popular exchange didn't do that but maybe some shady ones does.

[Pandu Geddon]

because after all emotions does affect a lot in making decision.

Whether with a demo account or a real beginner trading account, it provides experience and I think even though it has a different adrenaline rush to using a demo account. it is good only for those who are complete beginners in trading.
Everyone's emotional control is different, and the decision to learn and start trading with a real account should be made when they really understand the risks and how to trade properly. Don't think too much about profit or loss at the start of trading. use only small capital to gain trading experience. So the pressure on trader psychology will not be too harsh.

[stomachgrowls]

because after all emotions does affect a lot in making decision.

Whether with a demo account or a real beginner trading account, it provides experience and I think even though it has a different adrenaline rush to using a demo account. it is good only for those who are complete beginners in trading.
Everyone's emotional control is different, and the decision to learn and start trading with a real account should be made when they really understand the risks and how to trade properly. Don't think too much about profit or loss at the start of trading. use only small capital to gain trading experience. So the pressure on trader psychology will not be too harsh.

But still demo is different compared to live account which we know that they do really differ considering that live accounts using real funds and the demo arent.Therefore, demos are really just that good for familiarizing
those things on how it works and making some back testing but the only issue or absent on which you cant really be able to learn up on demo trade is on that emotional aspect kind of learning. Why?
You would really be that too confident when using up demo on which means that there's no way that you would be able to enhance yourself on that part or portion on which on which on the time that you would really be going with live trading then everything would change and you would really get shocked on the time that you are really that making use of real money or you are aware  that you could really lose up real fund
which this is something that you havent been able to encounter on demo trade.

This is why i do really suggest that you should really be starting on real live account even on just on small amounts yet it wont really be that a short term kind of learning but rather a long one.
You shouldnt really be that making yourself on fast face method or manner because this is where errors do really usually happens when you are rushing up
Trading could really ruin you if you dont know on how to lessen up your risks on dealing with it.

[leonair]

because after all emotions does affect a lot in making decision.

Whether with a demo account or a real beginner trading account, it provides experience and I think even though it has a different adrenaline rush to using a demo account. it is good only for those who are complete beginners in trading.
Everyone's emotional control is different, and the decision to learn and start trading with a real account should be made when they really understand the risks and how to trade properly. Don't think too much about profit or loss at the start of trading. use only small capital to gain trading experience. So the pressure on trader psychology will not be too harsh.

No one can solve his own emotion control problem by trading on demo account.  Because when one trades on demo account he knows that he is trading with a fake money there is no possibility of financial loss.  For this reason he does not attach much importance to that matter.  But when that person does real trading, he sees trading differently.  Because at that time the thought of financial loss comes to mind and he becomes very emotional.  So beginners should also start real trading by depositing small amount instead of using demo account, it will gain a good experience from the beginning.

[boyptc]

It's very unfortunate that a lot of traders jump into the market without having a clear understanding of the risks involved. Some traders are actually into trading because they see others who have been successful and think they can do the same without taking the time to learn the skills and knowledge needed to be successful.

That's their motivation so they copy and think that the same results will happen to them, knowing that they lack background in trading.

It is always the case that we see from those traders that are also doing what they see, hear and watch from the motivational video contents on social medias.

These content creators always are glorifying their success and making a profit out of it but with their losses, they're quiet and never shares their journey there.

[Realgogo]

I understand the caution you're advising for traders, especially newcomers. Trading indeed involves risks, and it's essential to have a solid understanding of market dynamics, technical and fundamental analysis. Your emphasis on starting with buy-and-hold strategies for beginners is wise, as it allows them to learn without the intensity of active trading.

[Nrcewker]

I understand the caution you're advising for traders, especially newcomers. Trading indeed involves risks, and it's essential to have a solid understanding of market dynamics, technical and fundamental analysis. Your emphasis on starting with buy-and-hold strategies for beginners is wise, as it allows them to learn without the intensity of active trading.

This strategy is basically investing and not proper trading. In trading you need to actively buy and sell the assets. But when it comes to investing, then you have to buy and hold the coin for long term until and unless you make the desired profit from it. So if anyone wants to sharpen their trading skill, then doing demo tradings with dummy balance can really help them. Yes if you don’t know how to trade properly, then definitely you will lose the money. So it’s always better to acquire theoretical knowledge and then do the actual task.

[nurilham]

No one can solve his own emotion control problem by trading on demo account.  Because when one trades on demo account he knows that he is trading with a fake money there is no possibility of financial loss.  For this reason he does not attach much importance to that matter.  But when that person does real trading, he sees trading differently.  Because at that time the thought of financial loss comes to mind and he becomes very emotional.  So beginners should also start real trading by depositing small amount instead of using demo account, it will gain a good experience from the beginning.

I really agree with you. Using a demo account will never solve the problem on controlling emotion. Sure, we will be always aware that we are not in a real trading if we use the demo account. It is actually only a tool to introduce a beginner about the basic thing in trading. Controlling emotion is a more advanced thing in trading, it is a quite complex (complicated) problem. So, to solve this problem, someone needs to have a real experience in a real trading. By having many experience, we can solve the problem of controlling emotion gradually. It is because we probably understand more (know more) about trading and how to deal with the difficulties. In this condition, we can be easier to control our emotion.

But if we are still a beginner, we don't need to use a big amount of money. We are better to use a small amount of money. The most important thing is that we get experiences and we get some lessons from the real trading.

[terrific]

Your emphasis on starting with buy-and-hold strategies for beginners is wise, as it allows them to learn without the intensity of active trading.

That is wise and the best choice for the beginners so that there will be no pressure on how you're going to start on this market.
When you buy and just hold for the moment, you'll get to see the picture of the entire market as you start.
By having that initiative, you'll get to have the encourage or discouragement whether you want to pursue trading or not.

[Mauser]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Everything that includes risk can ruin you, there is no guarantee for success when it comes to gambling, trading or many other things in life. We are taking risks every day just by walking out of the door, there is no real risk-free world. We need to decide for ourselves what kind of risks we are happy to take and live with comfortably. Some people can’t handle stress and risk at all, for them trading is not a good idea and they are better of to just buy ETFs or give their money to an investment manager. Whereas other people are risk seekers and are looking for the highest possible return. The thing we need to understand that without any risk there is also no return. Trying to achieve higher returns that what we can get on a savings account means to take in risks that could lead to losses. For me it’s important to make a difference between realised and unrealised losses. Just because the price of our investment drops in a day doesn’t mean we should be selling immediately and realise our loss. Crypto markets are quite volatile at the moment with Bitcoins being up 30% in a month.

[ItsCrafty]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Thanks for a best thought for sharing in this platform because a lot of people thinking that trading is giving only profit while trading can ruin you by not following trading rules as well as we should know how to start the trading and when we will take entry and when we should exit so it important thinks for trader is rules of trading

Most people who experience failure in trading do not have good knowledge of the trading they do and they do it not with the skills and knowledge they have and they do it based on how they feel when they see people who have been successful in trading. There's nothing wrong with using a demo account to try with the knowledge we already have, but trading with the capital we have will certainly not be the same as using a demo account. It's important for those of us who want to trade to have good knowledge in the field of trading we do.

Only knowledge is not required for trading also we require a good budget for trading it means we should have an extra money for trading when we have a loss in trading so that we should save ourselves from losing the plan budget  and we can make other trades in the remaining budget  it better we should invest in many stages so our money will be safe and trade can never ruin us.

[HONDACD125]

Only knowledge is not required for trading also we require a good budget for trading it means we should have an extra money for trading when we have a loss in trading so that we should save ourselves from losing the plan budget  and we can make other trades in the remaining budget  it better we should invest in many stages so our money will be safe and trade can never ruin us.

It is not necessary that you have a lot of money for trading only then you can avoid loss. You may trade with more money and have more losses. If the market falls after one trade fails, it is a good strategy to take another trade, but sometimes the market may fall further. Thus, taking trades on trades can lead to further losses.

The more capital he has, the more he tries to take bigger trades and often loses in this attempt. You can invest well with extra money in the investment, and buy more when the price falls further, but for trading I think this can be detrimental. It is best to use stop loss for trading, and always using it after analyzing the market can save you from losing too much. Otherwise you may face more losses.

[Inwestour]

That is wise and the best choice for the beginners so that there will be no pressure on how you're going to start on this market.
When you buy and just hold for the moment, you'll get to see the picture of the entire market as you start.
By having that initiative, you'll get to have the encourage or discouragement whether you want to pursue trading or not.

Holding for a beginner will not provide any advantage if a beginner wants to engage in trading. Rather, most likely the advantage will be very significant, but only because there will be no loss of money in trading, and holding for a beginner will definitely bring the best result in the long term. It is important that the bulk of the funds be allocated to hold, and a small part of the funds should be allocated to trading, because at first there will definitely be losses, and until the trader receives the necessary knowledge, it will be very difficult to make a profit.

[EluguHcman]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

On similar note, I have also withnessed some persons whom had engaged itself on several sectors that f trading without stability and no profit counts. Some even struggles to realize its ventured capital on a target to quit and try another but yet ignorant to learn from other mistakes done as a fact of unknowledgeable to the trading but because they could see some person's progressing on the section of business they just think it is required of investing.
Instead of them to inquire to acquire skillful knowledges on how the market goes, they just want to imitate an ongoing investor and just get stocked the market with the necessary products while doesn't know the basics in the market.

I take such as a caused of envyness and jealousy since they couldn't go or the experienced investors the enquiries for acquirances.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.

@ Op, literally you didn't consider if the sector of hodling after buying and aim to sell when the price is increased is depended if the venture is either by stock trading (conventional trading) or digital trading (online trading).
If stock trading then goodies are liable to run out of expirations while online trading is basically aimed to hodl while price is increased to a benefitted volume without considering expirations but there could be a bias via the volatility of digit tradings.

Hence... The best way for newbies to navigate on trades is venturing with a minimum amount so as to exercise its abilities to a fair playing in the market and make counts of experiences with what can be tolerated if there could be a marketing negative effects.
Times goes when you advance your capitals volumes so as to earn more considering the values on making profits.

When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading

There is absolutely no state period of time that is specifically safe for experienced and inexperienced investors rather everyone is to play skillfully to take chances of whatever nature that is come.
The future is tomorrow that has no ending so I would say all levels of investors is expected to always put tomorrow in considerations for effective hold to conciousness because your readiness is a gang way for barrier escape.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

If newbies have to stay off from future trading then there is apparently no upcoming investors (newbies) because the nature of markets changes according to the nature of its volatility maybe by inflations and deflations also considering the volume of demands.
There are all uncertained so newbies are expected to trade with conciousness as a coursed of being inexperienced to fit in tolerate the bias or gaining the balance positions to beat the biased nature.

[Amphenomenon]

That is wise and the best choice for the beginners so that there will be no pressure on how you're going to start on this market.
When you buy and just hold for the moment, you'll get to see the picture of the entire market as you start.
By having that initiative, you'll get to have the encourage or discouragement whether you want to pursue trading or not.

Holding for a beginner will not provide any advantage if a beginner wants to engage in trading. Rather, most likely the advantage will be very significant, but only because there will be no loss of money in trading, and holding for a beginner will definitely bring the best result in the long term. It is important that the bulk of the funds be allocated to hold, and a small part of the funds should be allocated to trading, because at first there will definitely be losses, and until the trader receives the necessary knowledge, it will be very difficult to make a profit.

The best is for beginners to learn before Hodling which is more less risky than trading because it takes courage and trust to HODL in order not to be moved by negative news, gains or media hype , beginners without any knowledge of hodling will likely sell their bitcoin if they know little or nothing about hodling bitcoin all because of FUD

[benalexis12]

Business, trading whatever the case maybe just know that it has to do with taking risk and it mustn't be profitable all the time. You have to also have someone who's in the market before you to at least coach you through, give you some words of advise, not that because you think you know or have an idea of trading that you can do it on your own. Ones you have someone to guide you then I don't think it will ruin you.
Even when you have that experience you still need a strategy to follow, because having a strategy will help you more than you could ever imagine. Sometimes those you refer to as "newbies" might be doing quite well more than yourself so is best to take advise from different sources just to be on the safer side.

You know, sometimes you can't blame other newbies who think they will get rich trading cryptocurrency in a short time just because they watched a YouTube video of mine that said they earn $1,000–$10,000 a day just because of trading.

That's why others suddenly jump into trading without knowing anything, thinking that when they imitate what the influencer said in the video, it's true, when in reality it's the opposite. So we should still be careful and prudent as individuals here in the world of crypto business.

[Fatunad]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Thanks for a best thought for sharing in this platform because a lot of people thinking that trading is giving only profit while trading can ruin you by not following trading rules as well as we should know how to start the trading and when we will take entry and when we should exit so it important thinks for trader is rules of trading

Most people who experience failure in trading do not have good knowledge of the trading they do and they do it not with the skills and knowledge they have and they do it based on how they feel when they see people who have been successful in trading. There's nothing wrong with using a demo account to try with the knowledge we already have, but trading with the capital we have will certainly not be the same as using a demo account. It's important for those of us who want to trade to have good knowledge in the field of trading we do.

Only knowledge is not required for trading also we require a good budget for trading it means we should have an extra money for trading when we have a loss in trading so that we should save ourselves from losing the plan budget  and we can make other trades in the remaining budget  it better we should invest in many stages so our money will be safe and trade can never ruin us.

Experience would be the best teacher and this is something that we should put up in our mind. Everything could really be learnt up solo if you are really just that mindful about on your actions on learning trading.
Of course it could possibly ruin you in terms of financial if you arent that careful when it comes to decision making. You should really be that wise when it comes to this matter because if you dont then
it would really be bringing out that kind of damage into your finances if you arent that careful. Its not something impossible to make money but it would really be challenging considering that you are really that
needing to go with the flow on what the market is moving on.

[Fuso.hp]

Business, trading whatever the case maybe just know that it has to do with taking risk and it mustn't be profitable all the time. You have to also have someone who's in the market before you to at least coach you through, give you some words of advise, not that because you think you know or have an idea of trading that you can do it on your own. Ones you have someone to guide you then I don't think it will ruin you.
Even when you have that experience you still need a strategy to follow, because having a strategy will help you more than you could ever imagine. Sometimes those you refer to as "newbies" might be doing quite well more than yourself so is best to take advise from different sources just to be on the safer side.

You know, sometimes you can't blame other newbies who think they will get rich trading cryptocurrency in a short time just because they watched a YouTube video of mine that said they earn $1,000–$10,000 a day just because of trading.

That's why others suddenly jump into trading without knowing anything, thinking that when they imitate what the influencer said in the video, it's true, when in reality it's the opposite. So we should still be careful and prudent as individuals here in the world of crypto business.

Those who make videos on YouTube about trading should discuss its positive and negative aspects. Various YouTubers only talk about the positive aspects of trading and make videos when they trade and win, which makes new traders think that trading might be easy and trading might make money, which leads them to trade without having any idea about trading. When a YouTuber discusses the positives and negatives, a new member will think twice before trading whether it is right to trade. Whenever he sees that the YouTuber is earning more than 1000 dollars every day by trading in this way, he doesn't have time to think that he might lose money by trading. As a result, if you trade without any idea about trading, you will face a big loss. Newbies must think about the pros and cons of trading to avoid such pitfalls.

[kingvirtus09]

Business, trading whatever the case maybe just know that it has to do with taking risk and it mustn't be profitable all the time. You have to also have someone who's in the market before you to at least coach you through, give you some words of advise, not that because you think you know or have an idea of trading that you can do it on your own. Ones you have someone to guide you then I don't think it will ruin you.
Even when you have that experience you still need a strategy to follow, because having a strategy will help you more than you could ever imagine. Sometimes those you refer to as "newbies" might be doing quite well more than yourself so is best to take advise from different sources just to be on the safer side.

You know, sometimes you can't blame other newbies who think they will get rich trading cryptocurrency in a short time just because they watched a YouTube video of mine that said they earn $1,000–$10,000 a day just because of trading.

That's why others suddenly jump into trading without knowing anything, thinking that when they imitate what the influencer said in the video, it's true, when in reality it's the opposite. So we should still be careful and prudent as individuals here in the world of crypto business.

Those who make videos on YouTube about trading should discuss its positive and negative aspects. Various YouTubers only talk about the positive aspects of trading and make videos when they trade and win, which makes new traders think that trading might be easy and trading might make money, which leads them to trade without having any idea about trading. When a YouTuber discusses the positives and negatives, a new member will think twice before trading whether it is right to trade. Whenever he sees that the YouTuber is earning more than 1000 dollars every day by trading in this way, he doesn't have time to think that he might lose money by trading. As a result, if you trade without any idea about trading, you will face a big loss. Newbies must think about the pros and cons of trading to avoid such pitfalls.

That's the problem because, with most newbies, it's easy for them to be fooled and believe. Just because they saw that there were a lot of followers, they were immediately hyped for it. That's why it's said that you can get rich from trading, but at the same time, you can also run out of money because of trading.

It must be here with these two that they are already thinking about that question, the simple words "You can get rich in trading, but you can also ruin your life?" That means, if the understanding is wrong and your method is wrong, nothing will happen to you to get a large amount of money here, but if it is right, you will get a big profit.

[EarnOnVictor]

That is wise and the best choice for the beginners so that there will be no pressure on how you're going to start on this market.
When you buy and just hold for the moment, you'll get to see the picture of the entire market as you start.
By having that initiative, you'll get to have the encourage or discouragement whether you want to pursue trading or not.

Holding for a beginner will not provide any advantage if a beginner wants to engage in trading. Rather, most likely the advantage will be very significant, but only because there will be no loss of money in trading, and holding for a beginner will definitely bring the best result in the long term. It is important that the bulk of the funds be allocated to hold, and a small part of the funds should be allocated to trading, because at first there will definitely be losses, and until the trader receives the necessary knowledge, it will be very difficult to make a profit.

The best is for beginners to learn before Hodling which is more less risky than trading because it takes courage and trust to HODL in order not to be moved by negative news, gains or media hype , beginners without any knowledge of hodling will likely sell their bitcoin if they know little or nothing about hodling bitcoin all because of FUD

The reason why someone enters into an investment matters, some might want to only invest and not trade but others would want the two. I wouldn't deny anyone of such choices and will not make trading look like it's a no-go area, but to guide and advise rightly since those who are making money in trading do not have two heads. Fine, a new person in the realm of investment should never think of trading at first, investment by buying the asset and keeping is the right first choice. Still, such must be very careful and well-informed about the asset purchased as not all projects are good and could waste all your money or delay it for years. The investment in good projects must be well pursued as well as it would be very disadvantageous to start buying an asset at anyhow price, the investor must be reasonable and speculative.

Buying a too-expensive asset when you are supposed to be selling it might take you years before you would recover your losses in most cases not to mention gaining anything from it. For this reason, investment is not as easy as thought, experience matters and that is what any intending investor should first pursue as both trading and investment carry their level of risks, only that the risk in trading is greater. But even as the newbie is investing, trading could be learned on one side and a very low amount is to be used for practice until the person is sure of his positive standing in it. However, if a person is good at trading, it is far more profitable than investment, which explains why the risk is higher too.

[JayTrain]

It can indeed be challenging, especially if approached without caution and a well-thought-out strategy. It's important to thoroughly study the material, have a plan, and invest only what you can afford to lose. Also, it's crucial not to get nervous, as it can lead to actions that may result in a loss of control over the situation.

[shawonngp]

Trading or others crypto investment will ruin you when you didn't analyze before invest, Between spot and futures trading comparatively futures is danger for newbies, Even experience traders can liquidated, I started trade with a lot of research and firstly i tried with small amount which was affordable.

[Bushdark]

It can indeed be challenging, especially if approached without caution and a well-thought-out strategy. It's important to thoroughly study the material, have a plan, and invest only what you can afford to lose. Also, it's crucial not to get nervous, as it can lead to actions that may result in a loss of control over the situation.

Makin6loses in the crypto market is very easy for us if we don't know how to trade. Loses can also be incured when we make mistakes when trading. This is one of the reasons why some persons don't always get confidence when they trade. Sometimes entering into a trade  without full confidence can make us to incur loses or when we are not too sure about the trade. We need to be prepared to make mistakes because this is the only way we can make profits from the market consistently and staying positively.

[JunaidAzizi]

So newbie, stay off trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

For the new persons, trading is like a scheme that make them rich in a few days it seem like it and those person who has little knowledge about trading can also misguide newbies that invest a small amount of money and earn a lot just within days. They did not tell them the dark side of trading it seems like a profitable deal and yeah it is but it also includes a high risk that will engulf their whole Invest in a second. Trading is like an addiction once you admit you can hardly survive without trading and you compare it to gambling it is true that trading is like gambling once you lose your fund you put more because of the addiction and sweet taste of money. It is very necessary to guide our newbies to not do over trading once you gain some profits then quit for that day and do it again tomorrow, so In This you you money and you will be saved from losing and addiction.

[panganib999]

Trading would only ruin you if you let the losses and the crashes take over your mental. I've been with people who outrightly stopped trading crypto altogether because of a massive loss, and those who started all over again even after they lost everything. The only thing that's different between the two is that the latter is still kicking, and is probably making a killing or is set to make a killing soon enough. This goes to show that you miss all the shots you don't take, and the only thing that could ruin you is your mindset really.

Invest if you will, trade if you could, but don't let it get to you, and if you feel like the stress is becoming unbearable, then by all means seek help.

[Mahanton]

Trading would only ruin you if you let the losses and the crashes take over your mental. I've been with people who outrightly stopped trading crypto altogether because of a massive loss, and those who started all over again even after they lost everything. The only thing that's different between the two is that the latter is still kicking, and is probably making a killing or is set to make a killing soon enough. This goes to show that you miss all the shots you don't take, and the only thing that could ruin you is your mindset really.

Invest if you will, trade if you could, but don't let it get to you, and if you feel like the stress is becoming unbearable, then by all means seek help.

Or simply you do make yourself that didnt able to lessen up those potential losses because if you wont really be that making yourself that mindful about those mistakes then it would really be slowly
be ending up for you on making doing gambling which we know that it isnt really that something that we should really be doing. We are talking about making trades on here on which it is really just that right that you should really be that mindful about lessening up the risks or losses you do have overtime. Although there would really be no assurance on having success but everything would really be reflecting out on the things that you would really gonna do. Success cant really be achieved without doing hardwork.

Just dont rush up on learning everything because once you do find yourself in a rush then you are really that prone to lots of mistakes on which this is something that we should avoid.
People do really usually be messing up their trading on the time that they do become that desperate. Never ever make yourself that being too greedy on everything or thinking up on positive
results which you arent even knowing on how you would really be able to gonna do it.

[syedakhlaque]

It is said " No risk No gain". In the all businesses of the world, there are chances of loss. Infract, life is a game of risk and gain. At the same time marriage is a games of risk also. if you get a good partner then your life will be happy and you life is like in heaven but If you have a bad luck in the case of marriage .Its mean is that you go to hell after marriage. You will have to make your own compromises till the grave.
Trading is a game of risk ,logic ,study and experience. In trading, You can earn a lot of money۔ You Get rich overnight. But on the other side you can also get loss. So there is nothing to worry so much.

[MIner1448]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

There is no place for beginners in futures at all; a new user should never enter futures without at least knowing the basics of trading. There you can simply choose the highest leverage and make a mistake for a few seconds, your funds can immediately fly away due to your lack of experience, simply not knowing the trading interface is also a very risky business in futures trading.

[Bloodseekers]

Trading or others crypto investment will ruin you when you didn't analyze before invest, Between spot and futures trading comparatively futures is danger for newbies, Even experience traders can liquidated, I started trade with a lot of research and firstly i tried with small amount which was affordable.

Every person who is going to make an investment must have some preparations in order to be able to carry out the trading or investment they are going to make, without having good preparation and continuing to invest and also trade, of course they will not be able to last long and suffer losses from what they do. I agree with your opinion by doing a lot of research before entering the market and also starting with small capital so that we can handle it well if we experience losses and we can still do it another time, with the experience we gain of course when we invest again.

[MFahad]

The best is for beginners to learn before Hodling which is more less risky than trading because it takes courage and trust to HODL in order not to be moved by negative news, gains or media hype , beginners without any knowledge of hodling will likely sell their bitcoin if they know little or nothing about hodling bitcoin all because of FUD

News through media keep the ability to turn the market situation in different direction so those who hold bitcoin will not be effected because they already have taken advantage from bitcoin but those who are newbies or are holding some other coins will change their holding. They should remember that risk takers are always successful so if someone knows about his impatience as well as about his misunderstanding about the market then he making bitcoin as risky investment by himself. Learn more and more about holding because finishing of knowledge is not feasible so if you learned well that how to hold will help you in achieving what you deserve.

[JunkieMiner]

Every person who is going to make an investment must have some preparations in order to be able to carry out the trading or investment they are going to make, without having good preparation and continuing to invest and also trade, of course they will not be able to last long and suffer losses from what they do. I agree with your opinion by doing a lot of research before entering the market and also starting with small capital so that we can handle it well if we experience losses and we can still do it another time, with the experience we gain of course when we invest again.

Loss is also a part of trading but preparation from the very start is needed. Some people says that they have traded correctly but the market has been gone down. Even it is not the mistake of the market they mistake belongs to them because when they start their trading they have to look for the news who are coming on different social media's like twitter the most. They have to watch all these news about the market and the market condition that how would be in the next weeks or in the next months. It would definitely work for them the most.

[dunfida]

Every person who is going to make an investment must have some preparations in order to be able to carry out the trading or investment they are going to make, without having good preparation and continuing to invest and also trade, of course they will not be able to last long and suffer losses from what they do. I agree with your opinion by doing a lot of research before entering the market and also starting with small capital so that we can handle it well if we experience losses and we can still do it another time, with the experience we gain of course when we invest again.

Loss is also a part of trading but preparation from the very start is needed. Some people says that they have traded correctly but the market has been gone down. Even it is not the mistake of the market they mistake belongs to them because when they start their trading they have to look for the news who are coming on different social media's like twitter the most. They have to watch all these news about the market and the market condition that how would be in the next weeks or in the next months. It would definitely work for them the most.

One of the things that you should be mainly be considering yourself to be wary is that the market is always that unpredictable. There's no way that we could really be able to tell on where it would be going.
This is why on the time that your trading analysis had become that giving that different result then just accept it and be versatile or something that do talks about being easy to accept or adaptability simply.
There are really those people who do cant just accept on the things or mistakes that they have done and this what makes them bad and able to make messy things later on. Trading could really ruin
you if you dont have that good emotion control because this is where it would usually be starting.

Trade according into your interest but dont make yourself that too anticipating on positive results. Market is really that truly unpredictable and there's no way that we could really be able to
get the exact results or outcomes that you are hoping into. Market conditions could really be affected on different factors on which outcomes
would really be that might be ending up on giving effect and give out that different result.

[disferret]

Words of the wise. You feel you can do it and you can, however the urge to get their quicker will spoil your progress. 

Key is to not give up.

What also helps is you have a focus on other things. Its really easy to get immersed in charts and before you know it the
day is up. Not a way to live, and usually if thats the case, you're doing it wrong.

[G_Besar]

Loss is also a part of trading but preparation from the very start is needed. Some people says that they have traded correctly but the market has been gone down. Even it is not the mistake of the market they mistake belongs to them because when they start their trading they have to look for the news who are coming on different social media's like twitter the most. They have to watch all these news about the market and the market condition that how would be in the next weeks or in the next months. It would definitely work for them the most.

Seeing and reading the current situation and market conditions is very important for every trader, because this will not only help them achieve profits, but will also help them not immediately experience losses while trading. Because apart from this, every trader must also have a strong mentality when they have to face a downturn with a situation that is detrimental to them if they sell their holdings after having bought at a higher price. So finding out about news and market conditions is very important and also very necessary before starting trading.

[jeraldskie11]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

There is no place for beginners in futures at all; a new user should never enter futures without at least knowing the basics of trading. There you can simply choose the highest leverage and make a mistake for a few seconds, your funds can immediately fly away due to your lack of experience, simply not knowing the trading interface is also a very risky business in futures trading.

It's ideal for beginners to trade only in spot because you will not lose if your don't sell your crypto. Unlike futures, there's a liquidation of your margin. And there's more risk, if you don't understand what is Isolated and Cross, you will risk of losing all your funds in futures if the market goes against you. So like you've said, better to stay away from futures if you don't have enough knowledge from it.

[EarnOnVictor]

Every person who is going to make an investment must have some preparations in order to be able to carry out the trading or investment they are going to make, without having good preparation and continuing to invest and also trade, of course they will not be able to last long and suffer losses from what they do. I agree with your opinion by doing a lot of research before entering the market and also starting with small capital so that we can handle it well if we experience losses and we can still do it another time, with the experience we gain of course when we invest again.

Loss is also a part of trading but preparation from the very start is needed. Some people says that they have traded correctly but the market has been gone down. Even it is not the mistake of the market they mistake belongs to them because when they start their trading they have to look for the news who are coming on different social media's like twitter the most. They have to watch all these news about the market and the market condition that how would be in the next weeks or in the next months. It would definitely work for them the most.

Let me say it's obvious that you know little about trading, and no matter how much people try to rely on what they derived from social media to trade, they can't progress in their trading experience. like you sounded too, it would take time and a whole lot of effort to be successful through this approach, why then not use the time to pursue the right way of learning and trading to have the right trading understanding that would forever stick in your head?

Nevertheless, I agree with you that loss is part of trading, the way we allow it and disallow it in our trading matters to our success. In trading, it's either we lose or we gain, and since our aim is to win, we should rather find the right trading system that will make that possible and not entertain weakness due to that mindset. We should work more on the psychological and managerial part even as we strive to possess a trading system that will win more than it loses. Also for every trader, there must be a well-calculated risk and money management in the trading, and when the trading strategy itself is good, there is no way we will not be beating the losses down.

[MIner1448]

Without a doubt, it can ruin a person, especially if the person is very gambling and has at least once felt the taste of x10 or x100, the main thing is to keep yourself in control and not trade on emotions, this does not lead to anything good and you are right in saying it, it can lead to the consequences of ruin and It may already be too late.

[nurilham]

Only knowledge is not required for trading also we require a good budget for trading it means we should have an extra money for trading when we have a loss in trading so that we should save ourselves from losing the plan budget  and we can make other trades in the remaining budget  it better we should invest in many stages so our money will be safe and trade can never ruin us.

I'm a bit confused with your statement, dude. 
If we want to trade coins, surely we must have good budget, we can't trade with knowledge only.
Well, we are talking about something that can support the success in trading. I think every one is correct about knowledge. Knowledge and experience are 2 important parts to support the success in trading. If we trade with our good budget only without sufficient knowledge and experience, we probably end up with losses.

If we have big funds, it is okay to invest in crypto coins as well. Commonly, people are investing in crypto coins, specifically in Bitcoin. So, trading is just an optional job for them.

[batang_bitcoin]

Without a doubt, it can ruin a person, especially if the person is very gambling and has at least once felt the taste of x10 or x100, the main thing is to keep yourself in control and not trade on emotions, this does not lead to anything good and you are right in saying it, it can lead to the consequences of ruin and It may already be too late.

It is a gamble when you trade and you have no idea of what you are doing. That's what people are doing when they hear successful people and their source is exposed as trading. Those listeners think that if these people were able to do it, they can also do it as it looks easy to trade.
The logic is very simple and that is to sell high and buy low, it seems easy right? But that thinking is just going to put them down because in no way that trading is easy. It sounds simple but complicated.

[fauzan Ichsan]

Without a doubt, it can ruin a person, especially if the person is very gambling and has at least once felt the taste of x10 or x100, the main thing is to keep yourself in control and not trade on emotions, this does not lead to anything good and you are right in saying it, it can lead to the consequences of ruin and It may already be too late.

It is a gamble when you trade and you have no idea of what you are doing. That's what people are doing when they hear successful people and their source is exposed as trading. Those listeners think that if these people were able to do it, they can also do it as it looks easy to trade.
The logic is very simple and that is to sell high and buy low, it seems easy right? But that thinking is just going to put them down because in no way that trading is easy. It sounds simple but complicated.

Indeed, trading seems easy, but after we enter it and do it, we find out that trading is difficult and needs to be learned through a process. Therefore, don't think that trading is a quick and easy way to make money, because most people run it like gambling. Only a few traders can survive, because they also go through difficult phases, and of course most have experienced losses and difficulties in trading

[cafter]

Without a doubt, it can ruin a person, especially if the person is very gambling and has at least once felt the taste of x10 or x100, the main thing is to keep yourself in control and not trade on emotions, this does not lead to anything good and you are right in saying it, it can lead to the consequences of ruin and It may already be too late.

I have seen people coming into the market by seeing some ads of people making profits by seeing a moving lines on phone.
but they don't know exactly what it is they just trade the lines like when the lines goes down we need to buy and when line goes up we need to sell.
they treat this like gambling because influencers don't tell them what is trading actually. these false ads are very misleading they show I deposited $10 and made $700-$800.it's enough to ruin a life of a new comer.

[batang_bitcoin]

It is a gamble when you trade and you have no idea of what you are doing. That's what people are doing when they hear successful people and their source is exposed as trading. Those listeners think that if these people were able to do it, they can also do it as it looks easy to trade.
The logic is very simple and that is to sell high and buy low, it seems easy right? But that thinking is just going to put them down because in no way that trading is easy. It sounds simple but complicated.

Indeed, trading seems easy, but after we enter it and do it, we find out that trading is difficult and needs to be learned through a process. Therefore, don't think that trading is a quick and easy way to make money, because most people run it like gambling. Only a few traders can survive, because they also go through difficult phases, and of course most have experienced losses and difficulties in trading

Someone who has the impression of it being easy will find himself look at that side that it's really not. When you have the experience of trading, you'd definitely say that it's not easy as what people think. For the inexperienced people that are too optimistic with trading, I'm not discouraging you. But don't listen to the fairy tale stories that you've been reading on the internet because not all of them are good as what you think.
Most of them also gone through a difficult process before even winning a single trade.

[Dunamisx]

Trading is not what ruins, we do that on ourse from the way we trade, there's alot of benefits we get when we are doing things the right way, we also have to know this that trading may has its own risk but everything is to be done on the atmosphere of safety under extreme caution with the way we trade, the pattern we use and the other steps we take while performing our trades, most traders benefits from trading and not that they got ruined completely in trading.

[Latviand]

Without a doubt, it can ruin a person, especially if the person is very gambling and has at least once felt the taste of x10 or x100, the main thing is to keep yourself in control and not trade on emotions, this does not lead to anything good and you are right in saying it, it can lead to the consequences of ruin and It may already be too late.

The problem is that self-control is a difficult thing to do especially if you're trying to suppress the feeling of winning which is difficult because your mind is subconsciously trying to tell you that you have to rake in more wins and hope that you can get lucky again with your trades but then it doesn't go your way and then your ecstatic feeling will be replaced by frustrations and then those frustrations will make you do more bad trading decisions leading to more losses, trading isn't the same as gambling the effects that they give wwhen you win at gambling and when you earned a profit in trading is the same, the only difference is that with gambling you don't really have control on the odds while in trading, just a little analysis and some smart guessing and you're good to go.

I don't believe that its the trading that ruins the person though, not exactly trading but it's more like the person's behavior towards trading is what's causing the ruin, what I mean by that is that when someone's obssessed with trading, they forget the fact that it's not just the only thing that they have to do in life and so they end up having to neglect their other responsibilities because that person wants to focus on the market and watch it 24/7 which isn't the healthiest behavior.

[Lorence.xD]

Trading is not what ruins, we do that on ourse from the way we trade, there's alot of benefits we get when we are doing things the right way, we also have to know this that trading may has its own risk but everything is to be done on the atmosphere of safety under extreme caution with the way we trade, the pattern we use and the other steps we take while performing our trades, most traders benefits from trading and not that they got ruined completely in trading.

Trading is not the one that ruins, that is actually true since it gives people the benefits of earning money if they do it "the right way" as you have mentioned such things as the patterns, steps, etc. But is not as easy as it sounds even if you already have enough knowledge and experience, cause trading is a complicated system that you would literally need to think of many things just to earn money and stop loss. If you are doing good in trading and feel like you belong to the trading industry then that's good, but if you are sacrificing your mental, physical, and emotional health, then I could say that trading could actually ruin you. Simply for that reason I've preferred investment as I could just simply do DCA without stressing myself, this is only my personal thought no pressure on newbies, cause trading is literally beneficial and profitable when you do it the right way.

[JoyMarsha]

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

A newbie going into trading without the knowledge of it, what is he thinking of or who does he want to impress at the first instance? That's what he should be asked before giving him any advice.

A normal human being can't think of starting up something he or she has less knowledge of, not to mention trading which requires someone having the knowledge and expertise in it.

[Lanatsa]

Every person who is going to make an investment must have some preparations in order to be able to carry out the trading or investment they are going to make, without having good preparation and continuing to invest and also trade, of course they will not be able to last long and suffer losses from what they do. I agree with your opinion by doing a lot of research before entering the market and also starting with small capital so that we can handle it well if we experience losses and we can still do it another time, with the experience we gain of course when we invest again.

Loss is also a part of trading but preparation from the very start is needed. Some people says that they have traded correctly but the market has been gone down. Even it is not the mistake of the market they mistake belongs to them because when they start their trading they have to look for the news who are coming on different social media's like twitter the most. They have to watch all these news about the market and the market condition that how would be in the next weeks or in the next months. It would definitely work for them the most.

Let me say it's obvious that you know little about trading, and no matter how much people try to rely on what they derived from social media to trade, they can't progress in their trading experience. like you sounded too, it would take time and a whole lot of effort to be successful through this approach, why then not use the time to pursue the right way of learning and trading to have the right trading understanding that would forever stick in your head?

Nevertheless, I agree with you that loss is part of trading, the way we allow it and disallow it in our trading matters to our success. In trading, it's either we lose or we gain, and since our aim is to win, we should rather find the right trading system that will make that possible and not entertain weakness due to that mindset. We should work more on the psychological and managerial part even as we strive to possess a trading system that will win more than it loses. Also for every trader, there must be a well-calculated risk and money management in the trading, and when the trading strategy itself is good, there is no way we will not be beating the losses down.

You would really be able to realize that on the time that you would really be that experiencing losses which are made up by those signals or trading tips or whatsoever we do call on it or simply they had just.
stopped on providing signals then you would really be finding yourself that being too fucked up on which it is really just that a normal approach. People would really be able to see the importance of self
skill and knowledge on the time that they had saw that it is really that something relevant on a certain situation. You wont really be able to progress or to move forward if you are really that heavily
relying into others calls and suggestions.

It would really be that always wise and would really be recommendable that you should really be learning trading on your own and able to stand on the time that you do decide to take the market.
Trading does involved risks and if you are someone who dont really like on dealing up with something risky then this market isnt for you, if you are then get prepared on what are the
bad things or cons that you would be able to encounter specially that market is unpredictable. Trading can ruin you? Of course when it comes to finances and if you arent that
prepared or wise on taking risk management or simply with your capital.

[macson]

It can indeed be challenging, especially if approached without caution and a well-thought-out strategy. It's important to thoroughly study the material, have a plan, and invest only what you can afford to lose. Also, it's crucial not to get nervous, as it can lead to actions that may result in a loss of control over the situation.

Nervousness is a normal feeling, it's just that excessive nervousness indicates that you are still not mentally strong in trading, emotional and mental stability is needed when trading, because trading is a risky activity, so people who are too nervous will usually end up trading losses.

Trading or others crypto investment will ruin you when you didn't analyze before invest, Between spot and futures trading comparatively futures is danger for newbies, Even experience traders can liquidated, I started trade with a lot of research and firstly i tried with small amount which was affordable.

Beginners who do futures trading are also beginners who are gambling, i have never heard of beginners who were successful in doing futures when they were still fresh in trading, spot trading is the best for beginners because it is a learning medium and also builds skills, mental, emotional.

[R100K-Martin-Lunger]

I think that trading can definitely be profitable but also as you stated can be definitely risky, you’re basically gambling if you enter without proper knowledge. I agree on that. I've myself have faced setbacks over the years but have learned to tread cautiously.  But without losing a little how will they gain experience. At least that what I think.
For newcomers, a safer approach would be buying and holding, and selling when prices rise. Futures trading is complex, and best left to experienced traders. However, while people may discourage trading based on bad experiences, with sufficient caution, research, and guidance from a mentor, It is possible to succeed. But without these safeguards, it will always be highly risky. I'd personally advise newcomers to limit trading activities to around 70 to 80 percent of their equity, focusing on a majority of their holdings on bitcoin to minimize potential losses and 20 to 30 percent in Altcoin to actively trade and gain experience gradually or an amount you’re willing to lose.
If you have any questions you can contact me via my Discord: https://discord.gg/dCvaBZWNcG

[shawonngp]

Trading or others crypto investment will ruin you when you didn't analyze before invest, Between spot and futures trading comparatively futures is danger for newbies, Even experience traders can liquidated, I started trade with a lot of research and firstly i tried with small amount which was affordable.

Every person who is going to make an investment must have some preparations in order to be able to carry out the trading or investment they are going to make, without having good preparation and continuing to invest and also trade, of course they will not be able to last long and suffer losses from what they do. I agree with your opinion by doing a lot of research before entering the market and also starting with small capital so that we can handle it well if we experience losses and we can still do it another time, with the experience we gain of course when we invest again.

of course preparation is mandatory in any kind of crypto investment and any other offline investment, Because you need to put your hard income, If you have money and just picking random coins investment you will never success in trading. And loss is common things in trading to new and old traders as well.

[idarasun]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Certainly true what you're saying applies to beginners, but it's different for professionals. However, even professionals inevitably face moments when they hit rock bottom in their journey.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Absolutely, it should be that way. I'd like to remind that in life there are always ups and downs, just like a business with profits and losses. However, these can be minimized by gaining more experience on the journey toward success.

[Cryptmuster]

A newbie going into trading without the knowledge of it, what is he thinking of or who does he want to impress at the first instance? That's what he should be asked before giving him any advice.

A normal human being can't think of starting up something he or she has less knowledge of, not to mention trading which requires someone having the knowledge and expertise in it.

This is how advertising works, those who sell trading strategies, or some kind of training courses show trading as a very profitable business in which everyone can succeed, so there are many who want to try themselves in this business.

But the beginner does not take into account that the market does not forgive mistakes, and the one who has the best knowledge will always be several steps ahead of any newbie. At first, in any case, there will be losses, but they can be minimized if you first study all the available theory and start applying it when you already have the necessary knowledge.

[sotelorene]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Well thank God you know that trading can ruin someone's life and i hope you also know that it can change someone's life. I want you to know that almost everything in this life is risk if not all and if I may ask,  why did you say Newbie should stay off future trade or market,  maybe you are thinking those people with higher position here are expert in trading.  Sorry to disappoint you most Newbie can bit most full member,  snr member etc hands down on trading.  Don't underestimate people because they haven't gotten to the point yet,  you can be a full member,  snr member etc writing  good article but that doesn't mean you are  good in trading.  I put it to you that some Newbie can do better than you in trading because they have better strategies.
Hope you also know that the so called experience traders also make losses in future market.

[kawetsriyanto]

A newbie going into trading without the knowledge of it, what is he thinking of or who does he want to impress at the first instance? That's what he should be asked before giving him any advice.
A normal human being can't think of starting up something he or she has less knowledge of, not to mention trading which requires someone having the knowledge and expertise in it.

Not all newbies trade with no knowledge. Some newbies learn everything first before they start trading. Newbies who force to trade with no knowledge, they probably don't understand the right way in trading. They don't know the risks, they don't understand how difficult to trade with no knowledge. I think those who trade with no knowledge, they just guess they way and gamble their coins.

Yep, normally people need to understand first everything before they start to do something. Newbies must know how to trade properly, how to choose the right coins, what the best strategies to apply, and when the right time to buy-sell the coins. At least, they need to know these basic things first before they try to trade certain coins. And they may use demo trading to understand the way for trading.

[Bitcoinpoly]

Trading is most times profitable and sometimes challenging to traders

I agree with what you said but i will make a point on the first part of what you said. In fact 95-99% of all traders loose money. A extremely small % of traders make money. So it would instead be: Trading is usually not profitable and always challenging.
Its a 0 sum game out there and most of the people joining in have no idea what they are doing. Its as bad a sgambling if not worse.

Trading is good but you just need to need to have a good understanding of how trading works, best you opt in for copy trading, few exchanges like Bitget has such features, you can try it out.

[Bitcoinpoly]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Newbies shouldn’t go near futures trading until they’ve good understanding of the volatile market. Best they can go for copy trading as I’ve advised a user earlier.

[Bushdark]

Trading is most times profitable and sometimes challenging to traders

I agree with what you said but i will make a point on the first part of what you said. In fact 95-99% of all traders loose money. A extremely small % of traders make money. So it would instead be: Trading is usually not profitable and always challenging.
Its a 0 sum game out there and most of the people joining in have no idea what they are doing. Its as bad a sgambling if not worse.

Trading is good but you just need to need to have a good understanding of how trading works, best you opt in for copy trading, few exchanges like Bitget has such features, you can try it out.

Trading is a good way for us to make profits for ourselves but the difficult aspect can be tedious if we don't have enough information to back our trading strategy. Those that do make profits from the market are mostly always getting information ahead of others and they are quick in making the right decisions. Just like in pump and dump method of trading and making profits from the market.
Improving our skills as a trader too can help us achieve more profits while doing the same thing others are doing.

[MFahad]

Trading is a good way for us to make profits for ourselves but the difficult aspect can be tedious if we don't have enough information to back our trading strategy. Those that do make profits from the market are mostly always getting information ahead of others and they are quick in making the right decisions. Just like in pump and dump method of trading and making profits from the market.
Improving our skills as a trader too can help us achieve more profits while doing the same thing others are doing.

Information about trading is compulsory therefore one should not think that if he enter the crypto trading without information regarding trading then he will win all the times. Those who learned from their mistakes and try to reduce their mistake can do better in future and those who don't learn but without information try again and again to earn his lost cash back can never achieve his goals.

With information you can decide well but if someone is not capable to decide then he just wish to earn without learning which is impossible. Trading is not a game which you will play to earn but it is a process in which only those can get advantage who are knowledgeable about trading.

[borovichok]

Newbies shouldn’t go near futures trading until they’ve good understanding of the volatile market. Best they can go for copy trading as I’ve advised a user earlier.

Future and spot trading are easy to know, just follow and work with the right team. We advised and also listen to chitchat gathered from experienced traders who just want the progress of everyone in the system. We don't have time to keep high ego, rather I mellow down to becoming very humble and takes crucial steps in doing whatever activities that circulates our ground. Newbies who have no clue about the market should simply follow the pro traders to measure up the copy or trading with signals, this will served as great help to them in exploring in the market.

[Bravut]

Trading isn't for the novice,but I do advice we rather provide solution on how newbies should go about trading the futures market than shying them away from it.
If one has the proper knowledge about trading I don't think that person will experience the shit trading put some of us through. Trading isn't complicated as we profess it to be, it's just a game were you know and practice the rules that follow and having your edge.
Why trading get to ruin most person,it also elevate most people,why; because the later know and have a skillful knowledge of what the other don't know.

[Lukmanfirdaus1]

Trading is most times profitable and sometimes challenging to traders...~~snip~~

but a unique fact that I found outside is that trading beginners usually make big profits the first time they trade. they call it beginner's luck. I don't know if you found it too or if you have experienced it yourself. I myself have experienced this when in 2020 I started trying to trade with capital of $30 in altcoins, in 1 year that $30 became $6000 then lost to $3000, luckily I withdrew all the $3000. Until now I have never found that moment again.

When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

Now it's funny for me, I used to trade, but now if my friends want to learn about trading, I advise them not to trade because the risk is very high, I even suggest that they buy Bitcoin and hold it for the long term instead of trading.

[nurilham]

Trading is good but you just need to need to have a good understanding of how trading works, best you opt in for copy trading, few exchanges like Bitget has such features, you can try it out.

You're right. Basically, trading is good for everyone if we can understand how to trade properly. The first thing we must to do is to learn carefully about trading, then we can understand ourselves about how to trade in the right way. If we have enough knowledge, I think it won't be so difficult to know the potential way for earning money with trading.

Well, I think it depends on the individual to choose the strategy. Copy trading may be not suitable for each person. I think whatever the strategy is okay as long as it is suitable with your trading style.

[Tipeform$]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Trading is profitable only for those who have acquired enough knowledge about the trading platform and have adopted all the strategies of the trading platform. If a trader can stick to trading with good coins like bitcoin ethereum then I think he will not be defeated very easily but must have spot trading platform when not going to futures trading platform. If he is in spot trading platform, even if he suffers later or is in loss, he will have a chance to recover his loss at some point and if he goes to future trading platform, he will never be able to recover his loss. So advice for every new traders that one should not come into trading without gaining knowledge about trading strategy and trading because it is not easy to make money from trading making money from trading is very difficult.

[Sorryfor]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

While trading may be profitable for some time, it may also lead to loss later. We know that trading is not so easy and only wise people can profit in this business but those who are new people face loss most of the time. Gambling and trading are different things but one thing they have in common is ruining a person because when you are addicted to gambling you will surely go to ruin. Just like when you start trading you will definitely have a lot of attraction towards trading and gradually you will face losses and one time your money will be like ruin so don't start trading until you gain knowledge.

[BD Technical]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

If you talk about binary trade in trading, not gambling, then I will say that you are right because binary trade can make you a rich man and a fakir in a moment.  If you are greedy once then you will lose for sure. But if you are professional and if you are expart then chances of losing is very less but I say you don't play so much loss or profit like binary trade which is determined in short period of time.  If you want, you can buy tokens on Binance or other top exchanges like that.  Then the percentage of loss will be very less if not all profit.

[Julien_Olynpic]

Trading is a high-risk activity that could result in you losing a significant portion of your funds, or you could even lose all of your funds. But most often we are not talking about the loss of your funds in a literal sense, but about a catastrophic loss in the value of those assets that you bought for your portfolio. This is probably the most common situation among traders. This usually happens when a trader does not think enough about his risk management. I believe that a trader becomes advanced only when he begins to think about risk management. Many beginners don't even know what it is.

[irhact]

While trading may be profitable for some time, it may also lead to loss later. We know that trading is not so easy and only wise people can profit in this business but those who are new people face loss most of the time.

Not wise individuals that can make profit from trading, only the individuals that learn how to trade properly before they started trading that can make profits. The individuals that are disciplined and trading with a plan and budget that can make profits, many individual aren't disciplined. They just want to make quick money that's why they're trading and this type of individual end up wasting all their money. Trading is risky as it can ruin you but you can become successful with the right steps.

Don't over trade and you won't be losing too many money when you lose the trades. Having some trades in a week is better than trading everyday or more than one time a day, you're exposing yourself to more losses as you trade in that type of way. The same cryptocurrency market that makes profits for some individuals also give losses for others so it depends on your discipline to be among those winning.

[kenpachiofficial]

Crypto trading in general has the tendency of making one feel miserable, why? Many people just hear that "oh, this coin is low priced and has potential, let me buy and sell in a couple of months or so". That's the beginning of failure, you don't just see something new and then just jump straight into it without proper observation and understanding. Trading is very profitable, but not everyone can profit from it as not everyone is ready to sit back and learn about it before involving themselves in it.

[edy_58]

Crypto trading in general has the tendency of making one feel miserable, why? Many people just hear that "oh, this coin is low priced and has potential, let me buy and sell in a couple of months or so". That's the beginning of failure, you don't just see something new and then just jump straight into it without proper observation and understanding. Trading is very profitable, but not everyone can profit from it as not everyone is ready to sit back and learn about it before involving themselves in it.

If we buy a coin just based on people buying it then there will be a possibility that we will make a profit and also a loss, so it would be better if we don't understand it well, study trading first so that we don't just follow what other people say but buy it based on what we already know. We understand it well, because if we understand it well then we can be sure we can make a profit in trading.

Yes, it is true that not everyone can make a profit in trading. It requires good knowledge about trading and also a lot of experience to be able to make a profit and we must continue to learn about trading even though we have succeeded in enjoying the profits from the trading that we have done.

[EarnOnVictor]

Crypto trading in general has the tendency of making one feel miserable, why? Many people just hear that "oh, this coin is low priced and has potential, let me buy and sell in a couple of months or so". That's the beginning of failure, you don't just see something new and then just jump straight into it without proper observation and understanding. Trading is very profitable, but not everyone can profit from it as not everyone is ready to sit back and learn about it before involving themselves in it.

I don't see it your way, except the person is not fully informed about crypto investment, especially in Bitcoin. Since my many years of trading and investment, there is no other asset that I respect like cryptocurrency when it comes to the ease of purchasing it and earning through it. You just need a little information about it and you will continue to smile to your wallet if you are wise and smart in applying what you know. Well, this is valid for the investment part of it, but for trading, though it is still easier for me than many other assets traded, still, trading will remain riskier and we have to be careful about it.

I always advise people who are not so rigid in trading to opt for the investment part of it. After all, it will ease the tension and risk involved, and earn for them depending on how good they are at it.

[Solidized]

How do you mean please
Explain to me

[redsun114]

Trading isn't for the novice,but I do advice we rather provide solution on how newbies should go about trading the futures market than shying them away from it.
If one has the proper knowledge about trading I don't think that person will experience the shit trading put some of us through. Trading isn't complicated as we profess it to be, it's just a game were you know and practice the rules that follow and having your edge.
Why trading get to ruin most person,it also elevate most people,why; because the later know and have a skillful knowledge of what the other don't know.

Trading is for all and even the expert traders do also start as a novice. The real ones that is not for the newbies are the futures trading because its risk is higher than a normal spot trading but if newbies wants to get their hands on it, they should first start with spot trading and improve their knowledge there before advancing.

Even though one has a proper knowledge in trading, shit won't still be avoided sometimes. It's either about the unpredictable market or there are factors that affects us personally. Indeed that if trading can ruin someone, it also elevates someone, so we shouldn't be biased and say that one must avoid trading.

[kojektea]

and spot traders also have to know the reasons why they buy the coin/token. I suggest avoiding fomo, because price movements are very volatile, do your own research, and read more news about the coin/token, if your estimates are mature, that's when When you buy, you need to remember that you have to have a profit target and a loss target

[sulendra12]

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.

It's easier to be said than done, most people always think like this yet in reality some of them are losing even though they know it's always "buy low and sell high", market is not simple like that hence why you need some sort of analysis to understand the market better. If you just guess the market, then you just gamble your money without any further research.

When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

The rule of thumb about trading is if something works for them, it doesn't mean it will have the same result if you do it. Not everyone will get the same results if they trade on the same assets.

[Blackie@5]

When you talk about making profit or loss in trading it affects both the learner and expert , now this what can bring you down as an expert in trading giving yourself that confidence that you have known all about trading and that you can never get any lost of funds that were failure comes in.

Now over to the newbie, you seeing other making it out of trading doesn't not mean if a free world where you come in and do anyhow analysis and expect a profit NOPE IT'S DOESN'T WORK THAT WAY despite bitcoin is well known and famous digital currency doesn't mean other coin won't grown up that certain point, so you still have some time to learn before coming in

[JayTrain]

My opinion is based on personal experience. Trading is highly risky, especially for beginners. I have faced losses myself. The best approach for novices is to steer clear of active trading and focus on investing and holding assets. Trading requires a deep understanding of the market and analysis; otherwise, you can quickly lose money.

[Hamphser]

My opinion is based on personal experience. Trading is highly risky, especially for beginners. I have faced losses myself. The best approach for novices is to steer clear of active trading and focus on investing and holding assets. Trading requires a deep understanding of the market and analysis; otherwise, you can quickly lose money.

Everyone start on being a beginner on which it would really be just that a normal approach that you would really be that dealing up with a very volatile market on which it would really be that always risky
even into those old traders too and there's no exemption to that.The only difference is that when it comes to knowledge and experience then it would really be something that will really be
in huge difference and this is something that we do really need up to make ourselves that be needing to cope up when you are still a noob.

As a newbie then it would be always best that you shouldnt really be letting yourself way too confident when it comes on making profits which we know that
too much confidence would really be bringing up that many errors due to non well analysis been made.

[Fatunad]

My opinion is based on personal experience. Trading is highly risky, especially for beginners. I have faced losses myself. The best approach for novices is to steer clear of active trading and focus on investing and holding assets. Trading requires a deep understanding of the market and analysis; otherwise, you can quickly lose money.

Everyone start on being a beginner on which it would really be just that a normal approach that you would really be that dealing up with a very volatile market on which it would really be that always risky
even into those old traders too and there's no exemption to that.The only difference is that when it comes to knowledge and experience then it would really be something that will really be
in huge difference and this is something that we do really need up to make ourselves that be needing to cope up when you are still a noob.

As a newbie then it would be always best that you shouldnt really be letting yourself way too confident when it comes on making profits which we know that
too much confidence would really be bringing up that many errors due to non well analysis been made.

Anything that deals up with money could really be having the chance on making yourself getting wrecked or making yourself that losing huge amount of money, but of course it will be depending on what are the things that you are dealing with which in comparison in between gambling and trading or investing or business. They do have their own risks levels and it would be impossible that you couldn't really be able to determine in between things on which one is worth to deal with and which one is really that good for past time which we know in gambling. In speaking about trading then this is something a venture that you could really make yourself some money but there would really be no assurance since profits could really be just that depending on what kind of thing that you are dealing with whether you do go for long term or you would be going for short term ones or
leisure or entertainment.It is really just that not all people are really that wise on making up some choices.

[bettercrypto]

and spot traders also have to know the reasons why they buy the coin/token. I suggest avoiding fomo, because price movements are very volatile, do your own research, and read more news about the coin/token, if your estimates are mature, that's when When you buy, you need to remember that you have to have a profit target and a loss target

Well, I think from what I see, the fomo will never go away, and there are and will still be victims of it. The only important thing is that we will no longer be among the possible things that will happen in the upcoming future. That's why trading can only bring us two things: bad and good.

If it's bad, it's because we've become negligent in trading because of greed and just got carried away by the hype or promises that the trending news said about the coins we bought, but if we know something, for sure we'll get good earnings here in cryptocurrency in the end.

[moneystery]

Trading is for all and even the expert traders do also start as a novice. The real ones that is not for the newbies are the futures trading because its risk is higher than a normal spot trading but if newbies wants to get their hands on it, they should first start with spot trading and improve their knowledge there before advancing.
....

i agree with what you said. trading is for everyone, regardless of age, gender, etc. everyone has the right to be able to enter the world of trading. however, for futures trading, not everyone can trade on it. even though futures provides a leverage feature which will help people to be able to trade with little money but with bigger profits, there is a big risk there if they cannot analyze the market and take the wrong position.

[adpinbr]

Trading is definitely technical and a process you must understand before going into Trading properly, basically For the newbie that want to go into Trading for the first time should actually know that it’s just the act of buying and selling when it’s high, it is always advice for a beginner to understand what Trading is all about before going into Trading.Looking at some trading charts analysis you will definitely understand that there was a profit and lose actions that has already taken place in the previous week and months years. You can easily lose your money if you don’t go into Trading properly with the good step and taking advice from expertise and experience, traders. Reading some articles concerning Trading and studying them will help you provide more insight of what you are about to do, which ever way you want to trade or which ever coin do you want to trade with,At least you should be able to know more about the coin check the market cap follow the trend consigning the coin. So there for if you did not take a calculated risk during trading, you may lose your money, which is the fact.

[Tigerheart3026]

My opinion is based on personal experience. Trading is highly risky, especially for beginners. I have faced losses myself. The best approach for novices is to steer clear of active trading and focus on investing and holding assets. Trading requires a deep understanding of the market and analysis; otherwise, you can quickly lose money.

it's absolutely true and i see also in my personal experienced in the trading.
i am not new in trading but i am still at a big losses because lack of risk management
and also patience. so then i am started holding btc,eth,bnb and few top alctoins,
now i am profitable by green market and it's around 10% to 50% in every coin,
i stopped trading and just keep holding many coins forlong time.

[Bushdark]

and spot traders also have to know the reasons why they buy the coin/token. I suggest avoiding fomo, because price movements are very volatile, do your own research, and read more news about the coin/token, if your estimates are mature, that's when When you buy, you need to remember that you have to have a profit target and a loss target

I know countless of people that has decided to be a trader and have lost huge amounts in trading.
We need to know what we are doing so that we don't keep up the same energy that would make us lose.
Losing is very easy in the market same way to be profitable. There is not two ways about it so we need to be prepared and focus on how we can be a beneficiary of the market without much pressure.

[Ever-young]

In my perspective, I don't think trading can ruin someone, while trading comes with profit and loss, that is why they claimed that trading is not for everyone, if you don't have a mind, don't involve yourself, but there is no way trading could ruin someone's life. However, we must exercise extreme caution in order to prevent losing money, which can have a terrible impact on our lives if we do not tread with caution while trading. Trading incorrectly can wreck our lives.

[kingvirtus09]

There are only two things that trading can give us or cause us: good and bad results. Of course, if the result is bad, it's either you don't have knowledge of trading or you have greed that exists as a trader. And if you are a good trader, it means that you have studied or learned the trading concept in the crypto space.

So if we traders are careless, for sure we will quickly lose the assets we have on the trading platform because what we are doing in this matter is completely wrong.

[Sophokles]

Trading can ruin you if you treat it like gambling. Trading requires knowledge and experience. When you are trading something only because you like that token then it is not trading anymore. There will be no difference between a trader and gambler because in both cases they are depending on their luck. Also don't every invest any asset that you can not afford to lose.

[Lantind]

Trading can ruin you if you treat it like gambling. Trading requires knowledge and experience. When you are trading something only because you like that token then it is not trading anymore. There will be no difference between a trader and gambler because in both cases they are depending on their luck. Also don't every invest any asset that you can not afford to lose.

When we treat trading like gambling, of course we don't have in-depth knowledge about trading, so we are careless in choosing the tokens we will buy and don't do any analysis, so this will be very risky of losses. Of course, everyone who trades must have good knowledge about trading and also experience, even for those who have a lot of experience, they will still experience losses if they are wrong in analyzing the market. If we have chosen to invest in an asset, of course we already understand the possibility of losses that we will incur, so it is important that we understand the risks we are taking. face it.

[Sarah_Jannat42]

Trading is a very challenging subject at the same time very dangerous and the dividend rate is very high which will attract you again and again. Although I have never traded but I have seen how carefully and analytically they trade. But still, I hear them say that they still cannot trade well. My uncle who used to trade since many years but a few years ago he lost everything what he invested and what he gained. So if the trade is not patient or not able to handle the situation, it can definitely crash.

[ancafe]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

It is important to have knowledge about trading before people want to continue and we are born with different abilities so we need knowledge to minimize the risk of losses resulting from trading. Many people are in a hurry to continue trading with limited knowledge and in the end they experience unavoidable losses.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Trading is riskier because even though people are experienced, there are times when they are faced with losses. The problem is that when people do not have good knowledge, they will find it difficult to meet psychological risks. Trading will become more mature when people dare to take risks and practice trading directly, but these risks are not seen as a gamble but are combined with knowledge.

For beginners, if they are not ready to continue trading with large capital, it is better to use small capital to practice trading skills. Because even experienced traders can be detrimental at times, especially for beginners who don't have good experience and knowledge.

[Gormicsta]

Trading can ruin you only if you lack knowledge and understanding of it. When you have a risk management strategy, it says to set rules on how much money you are willing to risk on each trade and when you lose all your funds, you move on, same as taking your profits without being greedy and end up losing all your gains. Getting emotional attached to their investment makes them lose more money than the actual amount they are willing to spend because there is no sure of success or becoming rich quick, it's very important and necessary to learn and research before starting.

[boty]

Trading is a very challenging subject at the same time very dangerous and the dividend rate is very high which will attract you again and again. Although I have never traded but I have seen how carefully and analytically they trade. But still, I hear them say that they still cannot trade well. My uncle who used to trade since many years but a few years ago he lost everything what he invested and what he gained. So if the trade is not patient or not able to handle the situation, it can definitely crash.

Those who trade carefully will experience failure, especially those who trade without analyzing it well, of course they will waste the money they use to make the trade. When someone trades with large amounts, of course they have to analyze the market correctly. and choose the right coin for them to trade and don't let it happen that when they experience a failure in trading they can't fix the failure until they lose all the assets they have in the trade, of course this will be very devastating for someone who does that.