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Author Topic: What is your advised for being a trader?  (Read 1347 times)
AnonBitCoiner
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April 24, 2024, 10:42:45 AM
 #161

We all know that trading is a very risky thing but we also know that if we cannot take risk then we cannot earn, if we don't gamble or make a risky decision then we can only earn a small amount or profit, so for me we need to take risk and we need to do trading in a very careful way with proper understanding, risk is always there but experience is always a good way to know more about making a good decision in the future so just continue and get a lot of experience for good.

Trading is risky and we should take this risk after learning to overcome the risk because we have learned that nothing is impossible in this universe so if we try our best and learn strategies about trading then we can learn and trade to make profit.

We have to trade and not gamble so don't try to check your fate as in gambling you will lose more than you earn therefore there are lots of other ways to take advantage of trading instead of assuming it as a gambling.

Risk is in every field so we will not leave risky fields but it is also not a good idea to enter into the risky field without any equipment so learn well and then take the risk.



 

 

 

 

 

 


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April 24, 2024, 08:55:44 PM
 #162

Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds. So it isn't recommend to trade if you don't know anything. But I don't support the idea "Doing trades with small fund and keep learning". Cause thus i made loss continuesly. i know a traders need to know technical, fandmental analysis, need to check news and many more. So What things do you follow and advice before open a trade?
We all know that trading is a very risky thing but we also know that if we cannot take risk then we cannot earn, if we don't gamble or make a risky decision then we can only earn a small amount or profit, so for me we need to take risk and we need to do trading in a very careful way with proper understanding, risk is always there but experience is always a good way to know more about making a good decision in the future so just continue and get a lot of experience for good.
Because trading is risky that is not a guarantee for traders to just enter the market because they want to take risk to make profit. Trading is risky but the risk in trading can still be minimise by learning more about trading. In fact everything about making money is risky but when trie to acquire knowledge it helps in reducing the risk of losing money in trading. Trading being risky doesn't mean people needs to come in with no knowledge thinking taking risk is also a way money can be made. Trading is not gambling but a skill that people learn to acquire knowledge to make it easy to gain profit.

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April 24, 2024, 11:16:58 PM
 #163

Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds. So it isn't recommend to trade if you don't know anything. But I don't support the idea "Doing trades with small fund and keep learning". Cause thus i made loss continuesly. i know a traders need to know technical, fandmental analysis, need to check news and many more. So What things do you follow and advice before open a trade?
We all know that trading is a very risky thing but we also know that if we cannot take risk then we cannot earn, if we don't gamble or make a risky decision then we can only earn a small amount or profit, so for me we need to take risk and we need to do trading in a very careful way with proper understanding, risk is always there but experience is always a good way to know more about making a good decision in the future so just continue and get a lot of experience for good.
Because trading is risky that is not a guarantee for traders to just enter the market because they want to take risk to make profit. Trading is risky but the risk in trading can still be minimise by learning more about trading. In fact everything about making money is risky but when trie to acquire knowledge it helps in reducing the risk of losing money in trading. Trading being risky doesn't mean people needs to come in with no knowledge thinking taking risk is also a way money can be made. Trading is not gambling but a skill that people learn to acquire knowledge to make it easy to gain profit.

Of course it is true that trading is a risky activity, no matter who you are, whether you are a beginner or even a professional who already has a lot of experience in the world of trading, in the end you will definitely experience occasional losses. Yes, it's true that everything that involves money is usually risky in any case and trading provides the opportunity for profit to all the typical traders involved as well as providing the possibility of loss but the difference is yes, obviously you have also said the right thing above that by studying various related things about trading such as strategies or other things that are useful as preventive measures that lead to risk management, it is clear that this knowledge will be able to minimize the possibility of our losses. Smart and understanding traders are those who are always willing to learn various things, because trading is not only about the opportunity to make a profit, because trading can also be an activity that is dangerous or even destroys your life from a financial perspective if you treat it in the wrong way, so Of course, the key is to have a strong intention and determination to learn so that we can gain a lot of knowledge to be able to get maximum profits and also minimize the number of losses.

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April 24, 2024, 11:19:18 PM
Last edit: April 29, 2024, 06:42:03 PM by AmoreJaz
 #164

Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds. So it isn't recommend to trade if you don't know anything. But I don't support the idea "Doing trades with small fund and keep learning". Cause thus i made loss continuesly. i know a traders need to know technical, fandmental analysis, need to check news and many more. So What things do you follow and advice before open a trade?
We all know that trading is a very risky thing but we also know that if we cannot take risk then we cannot earn, if we don't gamble or make a risky decision then we can only earn a small amount or profit, so for me we need to take risk and we need to do trading in a very careful way with proper understanding, risk is always there but experience is always a good way to know more about making a good decision in the future so just continue and get a lot of experience for good.

If you are a beginner and want to explore the world of trading, use spare money to gain knowledge from this market. Because losses will always be there even if you say, you already read a lot of books about trading. Crypto is a volatile market and the market behaviour of every alt can't be found in those books. It depends on a lot of factors.

Performance of crypto depends on -
> actual developments of the project - actual product/service
> marketing
> professionalism of the dev team
> actual use case of the project
> extent of supporters
> presence in top trading platforms
> and to top it all, definitely, the supply and demand of the coin/token

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April 25, 2024, 04:22:23 PM
 #165

If you are a beginner and want to explore the world of trading, use spare money to gain knowledge from this market. Because losses will always be there even if you say, you already read a lot of books about trading. Crypto is a volatile market and the market behaviour of every alt can't be found in those books. It depends on a lot of factors.

Good to explore but explore with brains and explore when you have gotten enough knowledge so that as you are exploring your exploration should come with profit, doing try and error wont pay and the best thing you can do is to know what you are doing and get serious in business because losing money in this economy is not really an option so personally am against exploration i will call that waste especially when i lose money,  loses will happen but it should be minimal and proper procedures should be followed since the entire business is a risk so it will be better to do what is right always.



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April 25, 2024, 05:06:26 PM
 #166

Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds.
I might have to second your idea, high risk crypto trading, for that what you say is related.
For this reason, my advice is for beginners who are new to crypto if they have minimal trading knowledge, It's best to do an investment method at first, I think this investment method is more successful for many beginners.

I think investing is not as risky as trading, you just need to look at the types of crypto that have potential and good opportunities in the market to make good profits, that way I think it's good, Of course, trading knowledge continues to be developed, when trading knowledge is solid, step by step you enter into trading on a small scale.

R


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April 25, 2024, 06:03:40 PM
 #167

Quote from: Baki202 link=topic=5481588.msg639
92066#msg63992066 date=1714062143
If you are a beginner and want to explore the world of trading, use spare money to gain knowledge from this market. Because losses will always be there even if you say, you already read a lot of books about trading. Crypto is a volatile market and the market behaviour of every alt can't be found in those books. It depends on a lot of factors.

Good to explore but explore with brains and explore when you have gotten enough knowledge so that as you are exploring your exploration should come with profit, doing try and error wont pay and the best thing you can do is to know what you are doing and get serious in business because losing money in this economy is not really an option so personally am against exploration i will call that waste especially when i lose money,  loses will happen but it should be minimal and proper procedures should be followed since the entire business is a risk so it will be better to do what is right always.



Ome of the advise I always have for newbies is to always learn and not try to make money from trading when they don't have the right skill to help them continue. It is very important for us to watch ourselves and do things that would be beneficial to us rather than trying to win by all means we one has not even gotten the actual skill that would make them scale through. The path to a successful trader is not about just about learning but trying to put things in practice for a bigger and better rewards.









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April 25, 2024, 06:09:19 PM
 #168

Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds. So it isn't recommend to trade if you don't know anything. But I don't support the idea "Doing trades with small fund and keep learning". Cause thus i made loss continuesly. i know a traders need to know technical, fandmental analysis, need to check news and many more. So What things do you follow and advice before open a trade?
Actually trading platform is not an easy way to make money, it is very difficult to make money from trading platform. I think people who consider trading platforms as an easy way to make money are completely wrong. But yes those who are experienced with trading platform can easily earn money from trading platform but in this case should have experience of trading platform. Before trading I would definitely advise a trader to follow all the trading strategies before coming to the trading platform. But all the strategies are very essential that if you don't follow you can't be successful in trading platform, all the strategy is not to be too greedy, you can't be too greedy in trading platform, if you are too greedy in trading platform, he will definitely lose money. Secondly the trading platform cannot be traded with emotion because whenever the trading platform is traded with emotion a trader can lose everything. It is always better to control your emotions in trading. Third, understand market volatility. Thus there are many strategies to trade and if all the strategies are mastered then money can be earned from the trading platform. Also lastly the trading platform should learn to be patient and never lose patience.

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April 25, 2024, 06:45:39 PM
 #169

Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds. So it isn't recommend to trade if you don't know anything. But I don't support the idea "Doing trades with small fund and keep learning". Cause thus i made loss continuesly. i know a traders need to know technical, fandmental analysis, need to check news and many more. So What things do you follow and advice before open a trade?
Actually trading platform is not an easy way to make money, it is very difficult to make money from trading platform. I think people who consider trading platforms as an easy way to make money are completely wrong. But yes those who are experienced with trading platform can easily earn money from trading platform but in this case should have experience of trading platform. Before trading I would definitely advise a trader to follow all the trading strategies before coming to the trading platform. But all the strategies are very essential that if you don't follow you can't be successful in trading platform, all the strategy is not to be too greedy, you can't be too greedy in trading platform, if you are too greedy in trading platform, he will definitely lose money. Secondly the trading platform cannot be traded with emotion because whenever the trading platform is traded with emotion a trader can lose everything. It is always better to control your emotions in trading. Third, understand market volatility. Thus there are many strategies to trade and if all the strategies are mastered then money can be earned from the trading platform. Also lastly the trading platform should learn to be patient and never lose patience.

Anything they said is a business or an investment, it will not be easy to attain your goal. You will have to face many problems and learn more about it before you can fully comprehend the system and make a profit. You are correct that trading is not a one-day work that you will be profitable on when you first start. Trading is very nice when you understand everything about it and start achieving something on it. Many people see trading as an easy thing because if you simply explain that someone will be rich on trading when you are on it. Before someone can commit themselves in trading, they should have a source of money so that if they lose, they can get another money to replace the losses, Second, he should not simply risk his funds without first gaining knowledge about it, because if you don't understand something and try to do it on your own, you will almost certainly make mistakes and lose all of your funds because it is not like an investment that can reduce your risk.Second, he should not simply risk his funds without first gaining knowledge about it, because if you don't understand something and try to do it on your own, you will almost certainly make mistakes and lose all of your funds because it is not like an investment that can reduce your risk.

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April 26, 2024, 01:31:06 AM
 #170

Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds. So it isn't recommend to trade if you don't know anything. But I don't support the idea "Doing trades with small fund and keep learning". Cause thus i made loss continuesly. i know a traders need to know technical, fandmental analysis, need to check news and many more. So What things do you follow and advice before open a trade?
We all know that trading is a very risky thing but we also know that if we cannot take risk then we cannot earn, if we don't gamble or make a risky decision then we can only earn a small amount or profit, so for me we need to take risk and we need to do trading in a very careful way with proper understanding, risk is always there but experience is always a good way to know more about making a good decision in the future so just continue and get a lot of experience for good.

If you are a beginner and want to explore the world of trading, use spare money to gain knowledge from this market. Because losses will always be there even if you say, you already read a lot of books about trading. Crypto is a volatile market and the market behaviour of every alt can't be found in those books. It depends on a lot of factors.

The risk or possibility of loss will never depend on how much experience  and knowledge you have about the world of trading, trading is not an activity that can be predicted 100% accurately, which means that all traders, including experienced ones, will definitely experience losses, but it is possible The losses they experience will not be too frequent and will also not be too significant because they are able to minimize them with the knowledge and knowledge they have. In the end, the market will always be fluctuating, which means that a trader's decisions can sometimes be wrong and end in losses. And one of the things or reasons why we are always advised to always try hard in studying is not so that you can completely avoid the possibility of loss but so that  the amount of loss you experience is not too significant  which will allow you to still be able to maintain your advantage in terms of profits, or Simply put, the amount of loss you experience does not exceed the  profit you have earned.

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April 28, 2024, 11:09:06 PM
 #171

Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds.
I might have to second your idea, high risk crypto trading, for that what you say is related.
For this reason, my advice is for beginners who are new to crypto if they have minimal trading knowledge, It's best to do an investment method at first, I think this investment method is more successful for many beginners.

Investment is far more different from trading. It's longer term it's less riskier that you can only lose money if you sell your coin in a negative gain out of fear. Other than that, time is your ally in investing and as much as your coin have great future then what you just need is patience. However in trading, you are battling in the intraday fluctuations in price. It is riskier and with the available leverage you can make more money in a matter of seconds.

That's why if you just want to learn how price moves, start trading because price is fractals. It is faster so you can learn faster because what happens in lower time frame also happens in higher time frame. In investing there will be less learning due to time, yet your money can sit in for a longer period of time.

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April 28, 2024, 11:53:03 PM
 #172

Investment is far more different from trading. It's longer term it's less riskier that you can only lose money if you sell your coin in a negative gain out of fear. Other than that, time is your ally in investing and as much as your coin have great future then what you just need is patience. However in trading, you are battling in the intraday fluctuations in price. It is riskier and with the available leverage you can make more money in a matter of seconds.
Those that are no good in trading, they can always show their interest into investing and this is way safer than getting all of the risks in daily trends of the market. Though, there's also risk in investing but you can bear with that and learn from it later on as if you've taken no risk at all because it's more chill than the usual.

That's why if you just want to learn how price moves, start trading because price is fractals. It is faster so you can learn faster because what happens in lower time frame also happens in higher time frame. In investing there will be less learning due to time, yet your money can sit in for a longer period of time.
At the same time, for the aspiring traders that don't want to take risk as they learn trade. They can test out with the features of demo trading offered by exchanges.

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