justdimin
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January 31, 2024, 06:53:44 PM |
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Trading is not an easy job which is why not all are willing to take this job not because of its risk but also the lack of understanding that discourages them from trying. We could say it depends on how we understand the market and the result is also the outcome of our market views. Trading without focus and effective strategies will end up losing and sad to say that it is very usual for those who rush even though they don't have enough knowledge. Newbies should know the concept of trading at first, they should never take this easy but must have put some effort to learn more rather than thinking for instant profit.
For the same reason, I do trade very little as well, not because it's simple or anything like that but because I like the money I make from investing long term and that usually returns a lot better for me so I do not have to worry about it all that much. I get that people may have different approaches and some people like to trade more than they invest, but I invest with 90%+ of my money, and trade only less than ten percent of it. That way, even if I end up losing it all, and I mean like literally go to zero, I end up making it back with my investments easily, getting that back is nearly nothing for me. This is why it's important to have a good amount of investment if you ask me, it allows you to do better and gives you a good return.
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boyptc
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January 31, 2024, 10:25:47 PM |
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I will not encourage newbies to get close to any signals trader or with those groups that promote it. You'll learn the hard way with them and you'll be complete dependent on it and at the same time, you're unsure whether it's going to help you or not.
If they're for free, as long as you won't spend any penny on them I guess it's fine. But when they start to ask you certain amount of money for their signals then you should run away from them.
It takes time to learn trading and to determine whether you're okay to stay on it for so long or you're going to choose other ways of remaining in the market such as holding.
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|MINER|
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February 01, 2024, 05:32:33 PM |
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New traders need to prepare themselves first because trading theory is very complicated. If a newbie comes into trading without acquiring proper knowledge, he will face many problems. So you should prepare yourself at the beginning of trading. Market analysis, holding, patience, greed control all should be mastered very well before trading. You have to follow someone who is skilled in trading to learn these things.
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Fara Chan
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 01, 2024, 07:04:10 PM |
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New traders need to prepare themselves first because trading theory is very complicated. If a newbie comes into trading without acquiring proper knowledge, he will face many problems. So you should prepare yourself at the beginning of trading. Market analysis, holding, patience, greed control all should be mastered very well before trading. You have to follow someone who is skilled in trading to learn these things.
Apart from that, sufficient capital preparation is also needed if a trader wants to target bigger profits through the market, because now it is almost very difficult to expect big profits with small capital. So apart from the preparations that you have explained, the amount of capital must also be an initial consideration because after a beginner has some control over how to trade in the market. Of course, your mentality will also be very well honed and will not easily collapse when you have to face a bad market.
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stomachgrowls
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 01, 2024, 07:23:53 PM |
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New traders need to prepare themselves first because trading theory is very complicated. If a newbie comes into trading without acquiring proper knowledge, he will face many problems. So you should prepare yourself at the beginning of trading. Market analysis, holding, patience, greed control all should be mastered very well before trading. You have to follow someone who is skilled in trading to learn these things.
Apart from that, sufficient capital preparation is also needed if a trader wants to target bigger profits through the market, because now it is almost very difficult to expect big profits with small capital. So apart from the preparations that you have explained, the amount of capital must also be an initial consideration because after a beginner has some control over how to trade in the market. Of course, your mentality will also be very well honed and will not easily collapse when you have to face a bad market. Having bigger capital isnt really that recommended for you to do so specially when you are really just that starting up but i do agree into the point that when it comes to capital then having bigger could give out that essence that you would really be able to felt up those profitable moments comparing when you do have that small amount for small positions on which you could be barely be able to see up those gains but well we do know on this market we do have that common rule on which taking profits will always be that prioritize. No matter how small or big it is, profits is profits. Dont ever make yourself having the habit on trying out to look back on what you havent been able to do so. You are really just that basically making yourself impulsive. As a noob or new into this trading field then it would really be just that right that you should really be needing to work yourself on learning or trying out to cope up on whatever you do able to encounter. It would be taking up some time and tons of efforts before you could really be able to have a good grasps into this market.
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Captain Corporate
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February 01, 2024, 07:53:19 PM |
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Just as a fact that we may consider getting better, is already a good path to start on. Life is not easy and we have to look for all the things we could potentially do. If you do end up with a good return, that will always comes from hard work.
I personally like working hard, being able to put a 16 hour shift is not a bad thing for me, I can do that and I have always been willing to do that. But make sure that you are working towards something that will not be all that bad, if you are giving your skill, talent and days to a job, make sure that it worths it. I have been working at the same job for many years now, and it is well beyond what I deserve to get paid, so I might work very hard, but I do get paid more than what I deserve, find a job like that and you wouldn't feel bad.
Investing and trading are the same, work hard towards it, but make sure that you get what you deserve out of it.
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DaNNy001
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February 01, 2024, 08:03:34 PM |
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New traders need to prepare themselves first because trading theory is very complicated. If a newbie comes into trading without acquiring proper knowledge, he will face many problems. So you should prepare yourself at the beginning of trading. Market analysis, holding, patience, greed control all should be mastered very well before trading. You have to follow someone who is skilled in trading to learn these things.
Many people don't actually know this or they feel reluctant about the lessons being told to them. Well as they say experience is the best teacher, that's definitely how many newbies will actually learn about trading risk. I once told someone that don't look how easy people portray trading to look like that the act is really really complicated and you could lose lots of money in trying but he never listen so I left him to see the results for himself which turned out to be a perfect lesson for him as he lost about 140$ to the act.
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Natalim
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 01, 2024, 08:46:08 PM |
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New traders need to prepare themselves first because trading theory is very complicated. If a newbie comes into trading without acquiring proper knowledge, he will face many problems. So you should prepare yourself at the beginning of trading. Market analysis, holding, patience, greed control all should be mastered very well before trading. You have to follow someone who is skilled in trading to learn these things.
Many people don't actually know this or they feel reluctant about the lessons being told to them. Well as they say experience is the best teacher, that's definitely how many newbies will actually learn about trading risk. I once told someone that don't look how easy people portray trading to look like that the act is really really complicated and you could lose lots of money in trying but he never listen so I left him to see the results for himself which turned out to be a perfect lesson for him as he lost about 140$ to the act. We lose first before we learn, that is trading in real life. Those who dare to take the risk and are still able to lose more will be winning soon as they can already take control of their emotions and are not afraid anymore. What drives us traders especially newbies to get into this job is the aim of making money easily but not knowing how difficult it is as they believe in these influencers saying "You will be rich in trading". It gonna blow your mind but the real battle comes when we are doing this in actuality. Certainly, we lose if we don't have the knowledge because trading doesn't just work through words but actions.
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nurilham
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 01, 2024, 09:29:55 PM |
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I will not encourage newbies to get close to any signals trader or with those groups that promote it. You'll learn the hard way with them and you'll be complete dependent on it and at the same time, you're unsure whether it's going to help you or not.
Agree. Newbies must stay away from joining signals group because they won't learn anything if they only rely on the signals. I'm sure there will be many lazy traders with zero knowledge if they prefer to be signals traders. Moreover, signals group won't guarantee anything, many of them are fake or share wrong signals. They even try to take advantages from the people who use the signals group. They can pump and dump certain coins because they order the people on the group to sell or buy. If they're for free, as long as you won't spend any penny on them I guess it's fine. But when they start to ask you certain amount of money for their signals then you should run away from them.
No, I think it is better to stay away from the signals group. If it is free, it even doesn't make sense. How can they are so kind to share signals? I think we must feel worried with the free signals. It takes time to learn trading and to determine whether you're okay to stay on it for so long or you're going to choose other ways of remaining in the market such as holding.
Although it will take a long time and big efforts, learning how to trade properly ourselves is absolutely the right way. If we know how to analyze the coins and understand how to predict it in a correct way, we don't need any signals from others. Be an independent trader! It should be the ideal goal of the new traders.
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irhact
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 01, 2024, 11:47:47 PM |
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Newbies when it comes to trading you have to work on discovering yourself and not to basically depend on a third-party or trading signals before you can execute a trade. You can rely on signals from those you view as professionals and still would not make profits and the reason for this isn't far fetched from the truth. When you're using trading signals for trading, you don't learn anything from the mistakes that the trade made and you can't use that mistake to improve on your trading skills. Signals make you a dependent trader and without getting that signal you won't be able to make profits. Using signal doesn't make you a profession trader, it can make you profits but it doesn't add trading lessons to your existing trading knowledge and this isn't the right way to trade. New individuals that want to start trading need to learn trading first before deciding to concentrate on making profits. When you're too focused on earning and not learning, you don't get the right knowledge that'll help you in future. No signal group last forever and one day you might join a fake group that'll scam you of your money. Most signals groups are also pump and dump groups without any real trading.
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stadus
Legendary
Offline
Activity: 3206
Merit: 1303
Hhampuz for Campaign management
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February 01, 2024, 11:55:15 PM |
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You don’t want to be a trader and put your trading success to other’s shoulders. That’s so irresponsible of you if ever. So work on yourself and acquire all those necessary learning experience and skills, that will be your weapon so you won’t be trading at a loss consistently.
Trading is not only a game of mind and knowledge, but also a game of luck as well. There are those who are not actually highly knowledgeable and skillful but they managed to win most of their trades. So maybe being lucky and well-experienced trader could be a perfect combination to come up with a very profitable and successful trades.
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ancafe
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February 02, 2024, 01:25:42 AM |
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So the earlier every newbie interested trader understands that the period he/she could use to seriously learn how to trade no matter how short the period could be in acquiring the right ideas/knowledge about trading to make you selfreliance, you'll be exhuming yourself from days to years of reliance on signals that not even have the potent to making you profit compared to that which comes directly out of your own self-made analytical work.
Everyone has the right to gain knowledge about trading and everyone will be able to carry out trading if they learn how. The beginner's mistake is being too greedy in making profits so they force trading in the way they know. Trading can be learned easily now because there are many mentors and videos about it and all beginners need to do is study each video and knowledge provided by the mentor, after that try to get involved directly in trading with small amounts. Starting trading is not easy, but there is always a way for anyone who wants to do it because something that is studied well will definitely result in a way of doing it correctly. Go through every necessary stage and that's where we get knowledge, there is no instant work to make a profit because everything requires a process.
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cakravothy
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February 02, 2024, 01:53:49 AM |
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learning is not from signals that are bought from people who open signal services. but the nebiew must learn from fundamentals, and indicators from professional traders. if only given buy or sell signals, there is nothing to learn to later be able to trade independently.
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Vinaa77
Sr. Member
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SecureShift.io | Crypto-Exchange
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February 02, 2024, 04:00:21 AM |
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You don’t want to be a trader and put your trading success to other’s shoulders. That’s so irresponsible of you if ever. So work on yourself and acquire all those necessary learning experience and skills, that will be your weapon so you won’t be trading at a loss consistently.
Trading is not only a game of mind and knowledge, but also a game of luck as well. There are those who are not actually highly knowledgeable and skillful but they managed to win most of their trades. So maybe being lucky and well-experienced trader could be a perfect combination to come up with a very profitable and successful trades.
If we expect too much from other people to be successful in trading then we will not be able to be successful because we cannot always depend on other people and we have to start it ourselves and if we encounter problems in the trading we do then we can ask other people about things. what we don't understand yet and if we could still try it ourselves it would be even better. Yes, it does require luck in trading, but we also need to have knowledge and skills to be able to profit from trading and there are some people who have a lot of experience and can still experience losses in trading.
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BitcoinsGreat
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February 02, 2024, 04:52:56 AM |
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Trading is not an easy job which is why not all are willing to take this job not because of its risk but also the lack of understanding that discourages them from trying. We could say it depends on how we understand the market and the result is also the outcome of our market views. Trading without focus and effective strategies will end up losing and sad to say that it is very usual for those who rush even though they don't have enough knowledge. Newbies should know the concept of trading at first, they should never take this easy but must have put some effort to learn more rather than thinking for instant profit.
For the same reason, I do trade very little as well, not because it's simple or anything like that but because I like the money I make from investing long term and that usually returns a lot better for me so I do not have to worry about it all that much. I get that people may have different approaches and some people like to trade more than they invest, but I invest with 90%+ of my money, and trade only less than ten percent of it. That way, even if I end up losing it all, and I mean like literally go to zero, I end up making it back with my investments easily, getting that back is nearly nothing for me. This is why it's important to have a good amount of investment if you ask me, it allows you to do better and gives you a good return. You can make money in bitcoin and cryptocurrency by trading or investing in them. Most people choose trading as it gives quick income but they forget the perks and advantages of investments. True money is only make by investing in the coins for mid to long term. Also investments are risk free as compared to future trading where there is a risk of liquidations etc.
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Patrol69
Sr. Member
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Axioma Holding - Axioma Pay Crypto Card
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February 02, 2024, 05:22:26 AM Merited by Rabata (2), Tmoonz (2) |
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Those who are new to crypto trading must know about trading through someone else or some other medium and then decide to trade. There are many traders who don't get direct help from other experienced traders so most of the time they search on youtube how they can trade and they search for those telegram groups where signals are given. In the first case, the number of traders who trade directly on their own is less, they only trade on their own skills who have someone to help them with various information about the trade. From the beginning, the new Tedders get into the head that if he does not follow the signal, he will not be able to make a profit in the trade, because of which he becomes directly dependent on the signal and does not try to do anything on his own.
Whether successful or unsuccessful in trading, traders must trade with their own skills, even if they suffer temporary losses, they can learn a lot about trading.
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Pandu Geddon
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February 02, 2024, 06:17:57 AM |
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Those who are new to crypto trading must know about trading through someone else or some other medium and then decide to trade. There are many traders who don't get direct help from other experienced traders so most of the time they search on youtube how they can trade and they search for those telegram groups where signals are given. In the first case, the number of traders who trade directly on their own is less, they only trade on their own skills who have someone to help them with various information about the trade. From the beginning, the new Tedders get into the head that if he does not follow the signal, he will not be able to make a profit in the trade, because of which he becomes directly dependent on the signal and does not try to do anything on his own.
Whether successful or unsuccessful in trading, traders must trade with their own skills, even if they suffer temporary losses, they can learn a lot about trading.
Even when novice traders follow signals, they won't last forever. It could be because the signal accuracy has decreased and other members are no longer using the signal. This means the channel owner will not continue producing signals to share. traders cannot rely on trading signals, even though they help but at least they should still develop their trading skills. otherwise what happens is just following, and no development is obtained.
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Fredomago
Legendary
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February 02, 2024, 10:15:00 AM |
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learning is not from signals that are bought from people who open signal services. but the nebiew must learn from fundamentals, and indicators from professional traders. if only given buy or sell signals, there is nothing to learn to later be able to trade independently.
From basic to average knowledge then advance there are process that you needed to undergo and to allow yourself to learn the deeper side of this business, not going to work if you lean to those signals services and you will not do anything to learn about the business, not every time those signal will be on the positive side, the market is wild and without proper understanding it can quickly suck all your deposit investment. Like what the title of this thread, work on yourself to develop knowledge that you can use, adopt and adjust you need to have that knowledge to decide on your own way.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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tvplus006
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February 02, 2024, 01:30:56 PM |
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Even when novice traders follow signals, they won't last forever. It could be because the signal accuracy has decreased and other members are no longer using the signal. This means the channel owner will not continue producing signals to share. traders cannot rely on trading signals, even though they help but at least they should still develop their trading skills. otherwise what happens is just following, and no development is obtained.
Many people mistakenly believe that they can trade and make a profit using other people's tips. But the reality is completely different. You either become a professional who makes a profit using your knowledge and experience, or you lose your money and leave the cryptocurrency market forever.
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ndutndut
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February 02, 2024, 02:53:22 PM |
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Usually beginners will be lulled by trading which will increase our income, and when they watch influencers it also makes them more interested in trading with the urge to make money easily, they don't trade because they want to, they only trade to make a profit, it's very difficult said that knowledge or trading skills are far more valuable than profits
This is a fatal mistake. Many beginners have the wrong mindset in trading, they only assume that trading can make money easily even though trading is something that is full of risks if you don't know the knowledge. So it's not surprising that many beginners are easily carried away by what influencers say and follow them without doing independent research first. Whenever I meet new people who want to learn trading, I highly recommend continuing to learn to increase their knowledge and trading with small capital to also develop trading skills. because learning to trade without practice will also be difficult. And I always said at the beginning that trading is a game, not a main income or you can get rich quickly from here. Because beginners need to change their trading psychology to become better, I am also not a pro in trading but this is what I have learned so far.
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