Trading can ruin you

[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.

[1715372435]

1715372435

[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.