Dangers of trading

[Victorik]

There's risk involved in all of man's endeavors, not just related to trading.
But I quite agree with you that you need knowledge before getting involved in trading. Moreso, you also need to trade with what you can afford to lose, because the market can turn south.

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[tvplus006]

...To navigate these dangers, traders must educate themselves, practice sound risk management, and exercise discipline in their trading activities.

All the recommendations you mentioned are banal for an experienced trader, but useful for a newbie. Where did you get this information from to make such recommendations? Perhaps you are an experienced trader yourself, or did you just share here the information you learned during the training process?

[GreatArkansas]

There's risk involved in all of man's endeavors, not just related to trading.
But I quite agree with you that you need knowledge before getting involved in trading. Moreso, you also need to trade with what you can afford to lose, because the market can turn south.

This is a must always, trading already involves money, it's not just a game where you can just test something or do some plays.
For me, before we start trading, we must say and think first. Make sure you know what are you doing because whenever you made some mistake in trading, you can't get your money back anymore.

[michellee]

Danger or not with trading depend with your decision make trading as an adventure or trading is your profession, all business are trading or not always danger with potential getting loss but when making trading as profession I think you will make maximize of loss in trading. Don't be afraid when hearing about how danger with trading if you have more knowledge and make research before investing in some coins. Many people make trading as their profession and know more how to manage and consistent to earn profit, not always trading is danger exactly is bad words make beginner will not try with trading in cryptocurrency.

If you want to trade, you should first learn what is required. You have to know how to use existing indicators in the market and analyze market conditions to know what you have to do. You also have to know how to reduce risk in trading so that you don't experience big losses.

And don't rely too much on other people in deciding which coins to trade with. That's because each person has different analysis techniques, so entry and exit positions from the market will also be different.

Important thing if want trade should learn what most required from analyze about coins want to trade until how to manage risk when getting position with coins trading have lower price. For analyze method depend which one easily for understanding because all trader have difference their method with research and analyze coins will trade.

That's obviously because each trader has a different way of analyzing their coins and determining when to trade. But even so, many traders still don't want to learn analysis and anything related to trading.

They prefer to seek trading signal information from people in the group so they can buy and sell according to predetermined targets. This often makes traders, especially new traders, experience losses because they only follow advice from other people and don't want to learn to analyze.

We can only suggest what is needed by those who are just starting to trade. The rest is up to them to decide.

[crwth]

This sounds like how you would have it on the wildlife adventures where you can really have problems when it comes to having to survive dangerous situations lol. It's all about the "risk" I think and that's what you are talking about when it's about danger.

I believe that it's more dangerous when you gamble compared to trading but it has the same components at it.

[Razmirraz]

Of the several ways you discussed for a trader to avoid losses in crypto trading, the first and most basic is a lack of knowledge. Knowledge is really needed when you do anything, including trading in crypto assets, without knowledge you will be very vulnerable to the risk of loss.
Arm yourself with knowledge about crypto, then you can trade according to the amount of money you can afford to lose. Avoid greed in trading, especially if you have just started trading with limited knowledge in the crypto field, choose crypto assets that have strong fundamentals in the market to prevent greater risks.

[DubemIfedigbo001]

When you do all these without emotional discipline, your trading will be bitter cos you'll be subject to unnecessary panic and desperation especially in the face of loss. When you're panicking and desperate, the risk of losing all  your money becomes  relatively high as you're hell bent on recovery and thus might pay less attention to details and reality. In essence, don't bring emotions to trading, you need only principles to decipher when the markets are moving in your favor and when its not, when its time to quit for the moment until things get back under control and the maximum amount that you'll trade with.

I also recommend you've your trading account separate from your main account. Fund it with the worth of coins your can afford to lose before even starting the trade and be disciplined not to go beyond that in case of loses.

Also you can remove your gains as  soon as they come to maintain a steady trading margin and not lose your profit if the markets finally turns against you.

[freedomgo]

It's probably a risk, not danger.

Trading is similar to gambling. You trade with other traders, but you have different predictions based on short-term price movements, so either party can be right or wrong, but there's only one winner every time, and that is the exchanges. As long as you are trading a legitimate and highly liquid assets(coins/tokens), there should be no danger of losing money easily. The risk is still there, but with a careful evaluation of your technique, you're likely to end up winning.

It's a game, my friend. You need to win most of the time to be profitable. So, I can say that trading is not for everyone. Those who are afraid of taking high-risk ventures should stay away.

[Victorik]

There's risk involved in all of man's endeavors, not just related to trading.
But I quite agree with you that you need knowledge before getting involved in trading. Moreso, you also need to trade with what you can afford to lose, because the market can turn south.

This is a must always, trading already involves money, it's not just a game where you can just test something or do some plays.
For me, before we start trading, we must say and think first. Make sure you know what are you doing because whenever you made some mistake in trading, you can't get your money back anymore.

Exactly! Once you are liquidated, you're liquidated, there's absolutely nothing you can do about it. That's why, like you rightly said, make sure you know exactly what you are doing.

Moreso, trading isn't for everybody. It's very demanding and not everyone can afford to pay that price.

[Outhue]

It's fine if they lose money in trading, at least they will gain something after losing money, it only sucks if you lose money and you learn nothing in return, we have discussed this a few times a year only, and many still won't care about your advice, all your points are going to be forever inevitable, emotions can't be beaten for many people so how will they control themselves?

Prices like this are what you pay when you decide to take steps into something you don't know much about, you should have seen it coming but people don't listen to advice until they make mistakes, I have stopped advising people about trading specifically because they think you some want them to be prosperous.

Trading is better for those who can control their emotions and also for those who want to learn everything about trading and still be able to spend much cash on a few trading tools, you can make trading a better experience for yourself if you get the right setup and tools, find the best gurus and learn from them.

[Taskford]

There's risk involved in all of man's endeavors, not just related to trading.
But I quite agree with you that you need knowledge before getting involved in trading. Moreso, you also need to trade with what you can afford to lose, because the market can turn south.

This is a must always, trading already involves money, it's not just a game where you can just test something or do some plays.
For me, before we start trading, we must say and think first. Make sure you know what are you doing because whenever you made some mistake in trading, you can't get your money back anymore.

Aside from doing some actions that we think a good option to do we should better check out the latest happening or condition of the market so that we can determine if its good to trade or when should we enter and secure our profit since its will be bad for us if we only think about such possible strategy that we can use on our current trades. To many incident happen while we are away so we should know the latest before taking some decisions since it can help us a lot especially if we are engaging on daily trading or short trades. The risk is so high that's why we need to be more resourceful before starting up so we can maximize the risk and can potentially gain from current coins that we wish to acquire.

Although its hard to execute all of it but if we are eager to learn new things on trading for sure we will get use to it and proper researching will be part on our trades then it can make our decision making more better. To many technicalities needed to learn that's why many lost because they want to have a shortcut learnings and they failed to know how to do some good counter measure if some events didn't meet on their expectations.

[hd49728]

Although its hard to execute all of it but if we are eager to learn new things on trading for sure we will get use to it and proper researching will be part on our trades then it can make our decision making more better. To many technicalities needed to learn that's why many lost because they want to have a shortcut learnings and they failed to know how to do some good counter measure if some events didn't meet on their expectations.

Trading is complicated and it is not like turn on a computer, login your exchange account, click on a trading pair, glance at the chart and open a position. In trading, a trader must have ability to control activities like when to trade, when to stay away from trading.

By chasing to open trading positions, a trader will take higher risk when chance to get profit is small but risk to have loss is big. It's time to stay away from trading because if you don't trade, you don't lose money. If you trade wrongly, you lose money and might reacts as revenge the market and get more losses.

[Vaculin]

To navigate these dangers, traders must educate themselves,

If you cannot educate yourself, then seek assistance to be educated. It is not easy to educate yourself sometimes and for some people, you can read through long paghes and watch videos and still not be educated enough. You have to know yourself and understand the kind of person you are whether you are the kind that can learn and educate yourself by yourself, or the kind that will need an educated person in the field they want to learn about to help them get educated. Know your kind.

Whether you self-educate or you learned from an educated trader, what is most important is that you learn to apply all what you have learned into your own trade. By doing so, you become more capable to trade on your own which will eventually result into a positive and successful trading outcome. That way, you are not only an educated trader but also a skilled and capable trader that can easily overcome the dangers in trading.

[Kelvinid]

Trading can be a wonderful venture, but it comes with its share of dangers.

And real thing that happens is that most traders just focus on the wonderful venture and sure profit while neglecting to see the dangers that await them. More traders suffer losses because they underestimate the volatile nature of the market and regret it. We could say that we usually just learn when we already commit a mistake and it is acceptable in a fact that this will also teach us where to get wrong and guide us on what we have to do in order to avoid it. The more we experience actual trading, the more we understand how it really works.

[Finestream]

Knowledge alone is not enough to master trading, or at least to have a skill through which you can turn losses into profits. This skill only comes from practical experiences, which require that you trade and achieve losses, if that is true. Learning from loss is the basis of a successful trader. How? You deal with the loss and benefit from it so as not to repeat the same mistakes. You must remember that successful trading does not mean that you will not achieve losses, but that your profits will be less than your losses.

Acquiring knowledge is only our stepping stone towards entering into trading as its not actually a guarantee that you will easily overcome the risks and be a successful one. However, it's an edge over the others if you decide to trade with prior knowledge and just continue to educate yourself everyday until you get to hone some skills and strategies that will work perfectly on your trading career. With that, you can already say to yourself that even if there are inevitable losses in trading, at least you learn to minimize them while trying to maximize your profits.

[Viscore]

Trading can be a great venture for the unemployed in today's world, but it is very risky for beginners.  But it is not too much risk for those who have experience about trading.  One of the risks is financial loss.  Also many investors invest all their funds to get more profit which is not right at all.  I think those who are new to trading sector should invest small amount.Everyone should get good training and advice from someone experienced on how to reduce risk.

Trading is really a profitable endeavor for those who have build knowledge and experiences with trading. However, for newbies, while trading can be more productive than investing, but it can be more dangerous if you jump into trading without prior knowledge and experience on the trading market. You can lose all your hard-earned money in just a blink of an eye if you trade with closed eyes. But if you invest in yourself with knowledge acquisition and develop your skills and strategies at first, I guess trading will be a lot more successful in the future.

[Rockstarguy]

Lack of knowledge is yet another issue;

trading without a solid understanding of markets and strategies can be disastrous.

This two above is a wrong step any body must go through, trading requires good knowledge and it is impossible for anyone to trade without any knowledge. Their is no shortcuts to gain profit in trading , every profit happens as result of having knowledge which is the principal tool everyone must possess in trading.

Understanding makes trading easy and interesting,  their must be an understanding how the market works and their must be understanding of strategies on how to make profits from trade.  Getting knowledge and understanding is very important abd something everyone needs to go after in trading.

[CageMabok]

There's risk involved in all of man's endeavors, not just related to trading.
But I quite agree with you that you need knowledge before getting involved in trading. Moreso, you also need to trade with what you can afford to lose, because the market can turn south.

Apart from being able to bear losses, someone who has started trading must also be able to be patient so as not to panic sell when he is in a loss condition. Because when he doesn't sell at a loss or in conditions that make him lose after selling, he is a person who is quite tough in being patient because he can still survive and will get more returns when he encounters better conditions for what he is trading. Because apart from knowledge and strategy, every trader also needs patience so that they don't easily experience losses when market conditions experience bigger changes.

[Renampun]

There's risk involved in all of man's endeavors, not just related to trading.
But I quite agree with you that you need knowledge before getting involved in trading. Moreso, you also need to trade with what you can afford to lose, because the market can turn south.

no one in this world can escape from risk, so risk when trading is a very natural thing that can be experienced by everyone who tries to become a trader, currently there are many videos or tutorials that explain the best steps to reduce risk when trading.  trading, and knowledge like that is something that every trader must have, especially beginner traders, remember that trading is an activity that requires intelligence, a lot of capital is not that important, if you have good skills then you can make profits quickly.

[Out of mind]

Trading can be a wonderful venture, but it comes with its share of dangers.

One of the primary risks is financial loss.
The volatile nature of financial markets means that everyone suffers loss.

Irrational decision-making is another pitfall; fear and greed can lead to impulsive actions that erode capital.

Overtrading, where traders make excessive trades, often results in losses

Lack of knowledge is yet another issue;

trading without a solid understanding of markets and strategies can be disastrous.

To navigate these dangers, traders must educate themselves, practice sound risk management, and exercise discipline in their trading activities.

The decision to trade can be good, but there are many risks in it, so firstly caution should be taken. When a person goes into trading he has to consider various things, if the person is not well versed in trading then he will never be able to profit. If he is not knowledgeable first, then he needs to know the market first, so it can hurt his money the most. Unreasonable decisions often lead to losses, so good decisions must be made before making decisions. And avoid being emotional when starting trading, if you can't control yourself, you will never be able to make a profit in the market. When you are trading, it is normal to lose your capital if you suffer losses due to market volatility and don't get emotional and break down. Many times due to lack of knowledge one has to take risk, that is why different strategies have to be adopted in order to have a good experience about the market. Practicing all the things then taking the advice of good traders and trading according to proper management is possible, only then it is possible to profit.