What you need to know about trading

[BitcoinTurk]

Theoretically, in order for a trader to be successful, he/she must have a good knowledge of technical analysis, capital control and risk control. Additionally, learning to set goals for each trade and being able to act in line with these goals are definitely very important factors.

Emotionally, in order for a trader to be successful, he/she must know that it is impossible to always win in the financial markets, that only the positive scenario shouldn't be considered for each transaction, that he/she shouldn't establish an emotional bond with his/her transactions and that he/she shouldn't act by succumbing to his/her emotions. Especially in cryptocurrency markets controlling one's own emotions is at least as important as knowing technical analysis because emotions generally cause more mistakes to be made in volatile markets.

Moreover, both theoretically and emotionally, a trader must not be greedy in order to be successful. A greedy trader may miss the trading levels based on technical analysis and act more emotionally due to his ambition to earn more. For this reason, one should never trade greedily, especially in volatile markets such as cryptocurrency markets.

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[Richkiedx]

before you get into trading you need to have an idea of ​​what you are getting into you need to be a risk taker, you are ready to lose, of course you also need knowledge in trading above all discipline most important

[YOSHIE]

What you need to know about trading.

Basically, crypto trading is often carried out by traders, there are three general methods that are often seen, namely: futures, Margin, Spot, well between these three the system and method of doing it are almost the same, although there are slight differences, The point is: keep paying attention and need to know market developments, volume, price, analysis and so on, the main goal is to make a profit.

Futures trading, Margin is done specifically, you must have knowledge and strategy for these two trading methods, if you don't have the knowledge, don't do it, losses will always accompany you.

For that, what you need to do, if you have minimal knowledge of crypto trading, just do Spot trading, within a certain time, but still pay attention to developments in crypto prices.

[Tigerheart3026]

in trading if you can accept loss then it is for you, trading is very hard so it's not to be good place for everyone,
those who are mentally weak and can not control emotions they will lose always,
you need learn trade then practice in your demo account first, when you are confident about trading then start with small amount as testing purposes.

 

[Out of mind]

Most people think positively about everything to decorate their lives and rarely think negatively. Similarly, by trading, a person thinks positively in the hope of making more money easily and in a short period of time. But it is seen that in most cases such plans turn negative, and at that time people fall into despair. When a new user comes to the market to invest and trade, he takes all the steps to get rich in a short period of time, but many times he cannot succeed in such steps. We know that being successful in a business field definitely requires a fair amount of hard work and skill, just like crypto trading, one also needs skill and experience. As you grow in your own skills and gain experience about trading, then starting trading will definitely have profits, not the number of losses. That's why it's important to always think negative rather than positive, so I think it's most important to get an education before you start trading.

[2girls]

Most people think positively about everything to decorate their lives and rarely think negatively. Similarly, by trading, a person thinks positively in the hope of making more money easily and in a short period of time. But it is seen that in most cases such plans turn negative, and at that time people fall into despair. When a new user comes to the market to invest and trade, he takes all the steps to get rich in a short period of time, but many times he cannot succeed in such steps. We know that being successful in a business field definitely requires a fair amount of hard work and skill, just like crypto trading, one also needs skill and experience. As you grow in your own skills and gain experience about trading, then starting trading will definitely have profits, not the number of losses. That's why it's important to always think negative rather than positive, so I think it's most important to get an education before you start trading.

Thinking often doesn't need any hard work. We can simply think of what we want in life. But the person who works for his thinking is most commonly on the next level. Because he have some dreams.

And when a person comes to trading his dreams increases and he always thinks that we would work hard for the dreams we have always. And in this way if he get a loss even that may be very small then he just forget his dreams sometimes and he turns back . Not all of them are doing this king of thing but I have seen the people who have been in a loss mostly.

[idarasun]

Cut.....
you need learn trade then practice in your demo account first, when you are confident about trading then start with small amount as testing purposes.

Yes, but it's a good idea not to trade if you don't want to lose your money, because in trading you have to be ready to lose money, and be ready to face the risks that occur.
Even though trading can be learned on a demo account, in my experience it still won't be very effective, because this is just a demo account and the sensation will be different from what you feel on a real account.

Note: even if you lose money in a demo account, it will not affect your psychology, and you can reset the money in a demo account, as opposed to a real account, in a real account if you want to get your money back. you have to top up again even if you lose, you must be curious.
okay, keep in mind that if you make a profit on a real account, psychologically you will be greedy and want to increase your results and returns continuously.
So, trade if you are truly ready to accept the consequences.
#that's what I experienced.

[Distinctin]

Most people think life is a bed of roses, is all about sunshine,  enjoyment etc not knowing that there's always a  tough time and the ability of one to overcome this time makes him great.  Tough time is the point through which poor and successful people emerges depending on the choices and decision they take.
Most traders and investors are inpatient they only think of the positive side of it ( making profit) not knowing there will always be a loss someday,  well most of them know but when they make losses they became frustrated and unstable,  some will give up because of that little experience.  Sometimes we make losses and we have bad experience like we offend God but no, we are only been tested.  Some of the spirit of a trader or invest is "I can make it mindset, resilience...

Trading has its inevitable losses. You don't trade because you aim for bigger profits quickly, you will only be successful and profitable in trading through learning from your trading mistakes and losses.

Trading is not only a battle of mental and physical skills, but behavior also matters a lot. Be patient so you won't create hasty decisions, and stay positive despite of the losses you incur from your trades. While trading is hard and tough, but it can always be learned and mastered overtime. Just never quit as winners never quit.

[shinratensei_]

simply know that emotion influenced trading and decision making will lead to a loss. moreover, the market might not behave like described in text book technical analysis there's so much thing actually that you need to know to succeed in trading, there's reason why many people out there are deiciding to retire from trading because they think they're not good enough and trading in itself is mentally exhausting.
basically you need to go against the people that have big capital, also those that posses the coin at large amount which are ready to dump whenever they like.
you need to contend against those and make your own feat by buying low selling high, therefore even though trading was being pictured as easy if youse those influencers its actually really hard.

[barisbilgili]

simply know that emotion influenced trading and decision making will lead to a loss. moreover, the market might not behave like described in text book technical analysis there's so much thing actually that you need to know to succeed in trading, there's reason why many people out there are deiciding to retire from trading because they think they're not good enough and trading in itself is mentally exhausting.
basically you need to go against the people that have big capital, also those that posses the coin at large amount which are ready to dump whenever they like.
you need to contend against those and make your own feat by buying low selling high, therefore even though trading was being pictured as easy if youse those influencers its actually really hard.

Yes, it is true that it is important for us to be able to control our emotions when trading because what we do is money from our income and if we don't do it carefully, it will be very easy to lose the money we have in the trading we do and it is also very difficult to can trade if we do not have a good understanding and control of emotions when trading.

For those who have large capital, they can easily collect more coins that they want and of course they already know well about the coins they choose, for me it is very difficult to trade, we have to really understand it well and also have to do it all the time. monitor market price movements.

[Uruhara]

Trading activities seem easy when we have never entered them. And in my heart I also said that it would be easy if I entered it. But then after I entered it and I was only thinking about making a profit that's when I let my guard down and underestimated the trade which turned out to be much more difficult than I originally thought. Then I realized that I had to learn more before entering it or even while practicing it. And in the end I also traded while learning it slowly with minimal capital which was still able to keep my mentality stable. And yeah it's a long process. Because even now, sometimes I still make a lot of mistakes, especially when it comes to controlling my emotions. But with good risk management, I can avoid fatal losses. And don't be greedy when making a profit. Because after I studied trading, it turned out that the most difficult thing in trading is controlling greed and fear. Someone told me that experience would teach me a lesson in this matter. And it turns out that now I am starting to understand the meaning of these words. What is true is that mental and emotional resilience in trading will be increasingly honed after we have a lot of experience in trading itself. Our thought patterns will change over time. What initially only thought about profits has now increased by also thinking about the risks of loss and how to overcome and minimize them.

[boyptc]

Impatient people are not ideal for trading.

And what they need to learn is not it's not always about the profit that's being bragged by other traders. It's because there's always a story behind the success of someone.

Those profits that they brag probably have gone through a lot of losses before claiming it.

[bayu7adi]

There's a lot of negativity in this writing, even though responding to cryptocurrency trading doesn't have to mean risking everything in your life. It's just a part of the world's existence, and when it comes to trading, going all in isn't necessary. If you find yourself complaining a lot because you're always unlucky in your trading decisions, take a moment to pause and conduct a thorough evaluation. What's the main cause of your failures in trading? Is it emotions? Financial management? Expectations? Or something else?

Treating trading as something small will prevent you from getting too emotional when making decisions. It's probably better if you only complain about and reflect on the losses you experience in trading. If you don't want to feel the pain of learning, you'll suffer from ignorance in the future. Enjoy the learning phase of your trading now!

[eightdots]

Patient traders and investors are willing to learn more about trading. They don't want to give up before they can trade better. But most traders and investors cannot wait patiently for their trades and investments. They will panic when they find out the market has changed direction, even though it is only a small correction that usually occurs.

They were not prepared for what they faced. For this reason, if you want to be able to trade, you must continue to learn about trading. And if they experience losses in the learning process, they will not give up but will continue to learn. And they want to learn from their previous experiences so they can find out what they did wrong.

But if you can't or don't learn about trading, you don't need to trade. Nobody forces you to become a trader. You make the choice and you have to know how to be a good trader. Keep learning about trading and don't give up if you don't succeed. Achieving success in trading is just a matter of time, so be patient while you learn more.

Patience is really important in these situations. When we are patient, we prevent panic from dominating us. At the same time, when we are patient, we do not make sudden movements and do things that are difficult to undo. In fact, patience is one of the key words for the market.

The time in the market is also very important in trading. Because even though you do the right things in trading, sometimes things do not go well due to the stagnation of the market. Even in such a situation, there is a lot to learn in trading. I agree with what you said. Giving up can prevent us from being successful. We should always try to learn and make smart moves. In some rare cases, giving up saves us from greater losses.

[R100K-Martin-Lunger]

I agree completely. Trading and investing can be a challenging path, with periods of loss and setbacks that can test our resolve. However, it's important for investors to remember that these obstacles are an integral part of the learning process. Instead of giving in to discouragement when faced with losses, we can leverage these experiences to refine our strategies and emerge as more skilled traders.
So, maintain your focus, persevere through the tough times, and never lose sight of your trading objectives. That’s what I’ve done, and what most experienced traders have done. I would recommend the new investors not start investing on their own initially. Having a mentor is a big bonus especially when you’re starting out. You could find communities that offer clear evidence of successful strategies and start from there.

[GeorgeJohn]

Yes positive affirmation is a good habit that every trader must inculcate in their daily exercise because it has it's way of impacting on how we make trading decisions. Trading success does not come by chance, it is a deliberate process that involves both technical and psychological preparedness.  First step is to believe that success is possible and achievable.

What I expected you to say concerning trading is that the beginning of success in trading is been determined by the observation and been acquire the rudiments of Trading before any other things, because when you don't know the rudiments of Trading and you venture into it, its obvious that you maybe venture into disadvantages of trading, so therefore a trader most know all the necessary measures to get ruined of loss and for a trader to escape losses that means it most know the negative impact of trading and positive impacts of trading.

Achieving success in a trading is something we have to know that is dependable based on the strategies we apply before trading, their is some people who doesn't know anything concerning trading but they end up losing but if you know the tactics of trading I believe that theirs nothing will make you as a trader not to make a profit, so successful trader have undergoes many training that makes the trader to overcome loses and also be able to identify when is supposed to venture into Trading at the right appropriate time.

[Questat]

Impatient people are not ideal for trading.

And what they need to learn is not it's not always about the profit that's being bragged by other traders. It's because there's always a story behind the success of someone.

Those profits that they brag probably have gone through a lot of losses before claiming it.

They can just think about the profit if they are capable enough to trade and claim that they are knowledgeable enough. But as long as they are still learning, they first think and focus on analyzing the market and helping it understand with the help of these trading tools available online. They should think about preparation first before thinking about earning as it is easy if we are already fully equipped with knowledge, skills, and strategies as these are the tools needed in order to succeed.

[GeorgeJohn]

Many people do not make inquiring before they entered into trading and the things is one of the things that makes to lose in trading, so I believe in trading you have to understand the basics things of trading before you venture into trading, because the success of trading is ability to know when to enter into trading and when not to enter into trading, so therefore when we think of trading we think of the hindrance of trading, the inpatient you are emphasising on a traders is when you have not understand the rudiments of Trading is when you be inpatient in your trading and also in your investment.  But when you have peruse into trading and understand the concepts you know when to trade and when not to trade and also know when to purchase for investment and when not to purchase for investment.

[bitLeap]

Impatient people are not ideal for trading.

And what they need to learn is not it's not always about the profit that's being bragged by other traders. It's because there's always a story behind the success of someone.

Those profits that they brag probably have gone through a lot of losses before claiming it.

They can just think about the profit if they are capable enough to trade and claim that they are knowledgeable enough. But as long as they are still learning, they first think and focus on analyzing the market and helping it understand with the help of these trading tools available online. They should think about preparation first before thinking about earning as it is easy if we are already fully equipped with knowledge, skills, and strategies as these are the tools needed in order to succeed.

But in reality it is not like that, those who do trading always think of profit, even before they really understand what trading is. After they make a trade and then they experience a loss, they start to say that trading is very bad, when if we look at it it all comes from their mistakes. Trading is not as easy as it looks, even a professional still has difficulties and mistakes in analyzing market movements.

Those who are like that are people who see other people's trades, it is undeniable that now there are many influencers or content creators who make content about their profits, which is what causes many people to misunderstand trading.

[Awaklara]

Impatient people are not ideal for trading.

And what they need to learn is not it's not always about the profit that's being bragged by other traders. It's because there's always a story behind the success of someone.

Those profits that they brag probably have gone through a lot of losses before claiming it.

because there are no traders who have just started trading and suddenly become very pro or lucky with their profits.
Everything is achieved of course through hard work and consistency in learning. because traders cannot continue to profit, even when they have enough experience, they also experience losses.
beginners who want to quickly profit in trading, it is better to be patient. enjoy the learning process. and of course, don't give up easily. If you are impatient, it is better not to trade.