Knowledge edge

[hafiztalha]

When it comes to trading wether in the crypto market or stock market knowledge is indeed the bedrock of growth and progress, so don't be too quick to trade in the crypto market or in the stock market if you really want to get it right and progress in trading, you have to take your time and develop your knowledge on trading, study trading very well, learn the technical and fundamental analysis, study chat's very well, because there is no rush when it comes to trading, and if you rush trading you can never get it right, you will always be at lost from time to time, why because you have refused to take your time and learn the trading very well before starting to place trades. And this act of not taking your time to learn and develop your knowledge in trading has made a lot of person's out not to be a successful trader till date.

There are many people in our society who want to trade and they want to get profit from their money but they are on risk because trading gives you money of other people who are not expect in trading and they jumped in a trading without learning and expert people who are trading for the years they are earning profit from that . Only 1 percent traders are getting profit and they are earning in millions of dollars because they lose more in the past and stick on that and did not quit. That is best time for them to earn from inexperienced persons. New trader should learn more and should take small risk which he want to lose .If you will take risk big and after losing money you will lose you heart and will not trade again.

[GiftedMAN]

yes, decision making is another thing that traders or even individuals will have to work on, knowledge is one thing but making good decisions with the knowledge you have is another
it's just like deciding to use a larger lot size because you have good knowledge of the market, no matter how good you are your decisions must support your risk management, knowledge acquired, and system.
not just in trading but in all aspects of like, knowledge can take you far but one bad decision can destroy all that your knowledge has built

You’ve said it all. Whether or not a person succeeds, whether in the trading sphere or generally is solely dependent on the choices they make, yes it’s good to acquire knowledge and as much as you can, but your ability to make the right decisions determines how valuable those knowledge you possess really is and not the amount of knowledge you really posses.

[BlackBaron]

Knowledge isn't just the key to success in trading; it applies to everything. With knowledge, we can open new doors to opportunities, whether they arise from our dreams or, along the way, we discover something new that leads us to new opportunities we can exploit.

The decisions we make with this knowledge will be well-founded, considering everything and making well-thought-out decisions. While our decisions may not be guaranteed to be correct, they are still better than making decisions without any basis.

yes, decision making is another thing that traders or even individuals will have to work on, knowledge is one thing but making good decisions with the knowledge you have is another
it's just like deciding to use a larger lot size because you have good knowledge of the market, no matter how good you are your decisions must support your risk management, knowledge acquired, and system.
not just in trading but in all aspects of like, knowledge can take you far but one bad decision can destroy all that your knowledge has built

These are interrelated. When we have good knowledge, we will consider everything according to our capabilities. For example, when deciding how much leverage to use in trading, when we have good knowledge, we will also have good risk management, so when making decisions, we will also consider the worst-case scenario.

Furthermore, knowledge can also significantly influence our emotions and self-control. What we need in trading is also closely related to self-control, preventing greed and fear.

[Koadharber]

When it comes to trading wether in the crypto market or stock market knowledge is indeed the bedrock of growth and progress, so don't be too quick to trade in the crypto market or in the stock market if you really want to get it right and progress in trading, you have to take your time and develop your knowledge on trading, study trading very well, learn the technical and fundamental analysis, study chat's very well, because there is no rush when it comes to trading, and if you rush trading you can never get it right, you will always be at lost from time to time, why because you have refused to take your time and learn the trading very well before starting to place trades. And this act of not taking your time to learn and develop your knowledge in trading has made a lot of person's out not to be a successful trader till date.

There are many people in our society who want to trade and they want to get profit from their money but they are on risk because trading gives you money of other people who are not expect in trading and they jumped in a trading without learning and expert people who are trading for the years they are earning profit from that . Only 1 percent traders are getting profit and they are earning in millions of dollars because they lose more in the past and stick on that and did not quit. That is best time for them to earn from inexperienced persons. New trader should learn more and should take small risk which he want to lose .If you will take risk big and after losing money you will lose you heart and will not trade again.

Trading is not something that should be rushed into because without proper understanding and preparation the market will always take advantage of you people often see the profits that others post online and think it’s easy money but what they don’t realize is that behind every successful trader are years of learning losses and emotional growth knowledge is truly the foundation for survival in any market whether it’s crypto or stocks.

Many newcomers jump straight into trading thinking it’s about luck or timing without realizing that it’s more about strategy patience and discipline those who fail to study technical and fundamental analysis end up depending on guesswork and emotions and that never ends well trading is not about being right all the time it’s about managing risk and protecting capital so that when you are wrong you still stay in the game. The experienced traders who are profitable today have lost countless times before but they learned from those losses they built emotional control and refined their methods the reason why only a small percentage of traders succeed is because most people quit after a few losses or blow their accounts by taking risks they can’t afford.

[wiss19]

Every trader must posses a few skills which will make them a profitable trader. Not everyone can just wake up and start trading the other day, they will need some experience, mindset of making money and most importantly discipline which will make them understand the basics of trading and money making. Trading seems easy to hear but is a very vast subject and it takes months or years to master trading.

Trading is not a piece of pie for everyone. We need to dedicate a certain amount of time to learn the basic fundamentals and the way markets work. Investing in ourselves is nothing but to gain knowledge and keep on practicing until we are somewhat near of being self-sufficient and capable of trading.

[osasshem]

The first investment made ever was attending elementary school, learning how to read and write, and all the knowledge acquired during this time we're all tagged on how to obey rules and earn pay checks at the end of every month. Those walls we stayed throughout our childhood never gave us the real knowledge on financial freedom, instead, it gave use how to play along with the existing rules and never to question them

In this part as an adult, it is said that you'll have to unlearn to learn, then you can earn, otherwise, one will find himself in the line of another paychecks for forth coming months.

So, as a trader in any of the different forms of trading, one will have to learn how it works, what makes winning possible and get to know which of the ways will work well. The basic trading strategies must be learnt otherwise, one will end up not make any profit even after numerous years in trading. Knowledge is power as it is said.

[As-Soon-As]

To every forex or crypto trader, new or old who wants to be successful. You need ro know the truth, The most profitable investment you will ever make is not in forex or crypto but in yourself. The market is vast and difficult  and ony the qualified can make money from it, just like a hob you have to be qualified enough to be there for a long period of time, if your not qualified you wouldn't last. Because of the urge to make money some traders just rush in funding their accounts and most times end up  blowing it and loose money, but one thing each trader have to understand is that what gives you the profit is knowledge.
You know sometimes its better to just leave your account and do not fund it for a while, change your perspective and focus on knowledge focus on learning new things from the market every day, try to have an edge ovet the market, by waiting for repeatable patterns that form and see their reaction after those patterns, if you see them in future again you know what to do that can be your edge in the market. If your not profitable now you can leave money for a while and go for knowledge, study your charts and the money will later

I am very happy to hear this from you that it is natural for those who are greedy for money to face losses, because greed for money should never enter the field of trading or gambling. To trade, you must be wise and understand the balance of the market, many people rely on low-value coins in the market in the greed for more money. They basically lose all their money in the end because the greed for money has worked more in them, in this case I want to say that it is much better to trade in trusted coins by earning less benefits. And the risk of trading is much higher, so investing in the long term is much more reasonable.

[Finebone]

I am very happy to hear this from you that it is natural for those who are greedy for money to face losses, because greed for money should never enter the field of trading or gambling. To trade, you must be wise and understand the balance of the market, many people rely on low-value coins in the market in the greed for more money. They basically lose all their money in the end because the greed for money has worked more in them, in this case I want to say that it is much better to trade in trusted coins by earning less benefits. And the risk of trading is much higher, so investing in the long term is much more reasonable.

Greed is one thing that is natural in humans, but don't let it overwhelm you. Do you know that for you to make it big, you have to be greedy?
Because cashing out small small profit will deprive you from waiting for your winnings to be very big, but for success you should try to strike a balance between pure greed for big winning and less greed when trading.

Trading low value coin doesn't make a trader greedy, because you can still be taking small small profit if you are less greedy, the only difference is the risk attached to the asset you are trading.

[Fredomago]

The first investment made ever was attending elementary school, learning how to read and write, and all the knowledge acquired during this time we're all tagged on how to obey rules and earn pay checks at the end of every month. Those walls we stayed throughout our childhood never gave us the real knowledge on financial freedom, instead, it gave use how to play along with the existing rules and never to question them

In this part as an adult, it is said that you'll have to unlearn to learn, then you can earn, otherwise, one will find himself in the line of another paychecks for forth coming months.

So, as a trader in any of the different forms of trading, one will have to learn how it works, what makes winning possible and get to know which of the ways will work well. The basic trading strategies must be learnt otherwise, one will end up not make any profit even after numerous years in trading. Knowledge is power as it is said.

Having the basic gives you the overview of what possibility may happened but it should not stop from that part, there are so many other things that you need to understand, there are factors that may affect how will you consider your position in terms of starting your journey to this kind of industry.

There are traders who desire to succeed but along the way they forget the basic rules, that in trading everyon are aiming to gain benefits everyone is willing to adjust and find that useful knowledge to keep on the right track predicting and anticipating the next market movements.

[bettercrypto]

Other communities entering the crypto space are just eager to make quick profits from Bitcoin or other top-listed cryptocurrencies. I also agree that knowledge in this industry is really important. It's even better to first feed our minds with knowledge about what we're getting into here.

We shouldn't rush, to be honest, because success isn't achieved through shortcuts no, of course we need to face the succeeding things that we really have to work hard for.
Because there's no farmer who plants today and harvests tomorrow; nothing like that, of course.

[Byebyebtc]

Knowledge isn't just the key to success in trading; it applies to everything. With knowledge, we can open new doors to opportunities, whether they arise from our dreams or, along the way, we discover something new that leads us to new opportunities we can exploit.

The decisions we make with this knowledge will be well-founded, considering everything and making well-thought-out decisions. While our decisions may not be guaranteed to be correct, they are still better than making decisions without any basis.

yes, decision making is another thing that traders or even individuals will have to work on, knowledge is one thing but making good decisions with the knowledge you have is another
it's just like deciding to use a larger lot size because you have good knowledge of the market, no matter how good you are your decisions must support your risk management, knowledge acquired, and system.
not just in trading but in all aspects of like, knowledge can take you far but one bad decision can destroy all that your knowledge has built

These are interrelated. When we have good knowledge, we will consider everything according to our capabilities. For example, when deciding how much leverage to use in trading, when we have good knowledge, we will also have good risk management, so when making decisions, we will also consider the worst-case scenario.

Furthermore, knowledge can also significantly influence our emotions and self-control. What we need in trading is also closely related to self-control, preventing greed and fear.

You can have the knowledge, but I tell you that even with that knowledge you have you can still end up making emotional decisions.
Your emotions is totally regardless of the amount of knowledge you have or how intelligent you are, once someone gets emotional knowledge is kept aside at that particular moment, just like how you get angry and do something you know very well that it is not good but you still did it out of anger, it is a raw example of what I am pointing out,
Decision making is not dependent on knowledge but it is rather dependent on discipline. That is why I say that knowledge is One thing but making good decisions is is another.

[Achalugo BTC]

What you don't know will never gain you an edge. Just like in trading, if you don't know how to navigate the market well, if you are not good in reading the market patterns and analyzing it, you will never create a profitable trade. Stick to your knowledge acquisition first, and when you know quite well, proceed to demo trading until you can finally grasp it on yourself, that's the perfect time to risk yourself in the real field of trading.

Trading is hard and risky, but it will be a smooth one if you have clear and detailed plans on how to combat risks, and being able to stay on a positive side despite on an unpredictable trading outcome.

Whatever necessary thing for one to do in order to become a successful investor or trader should be done.
Yes you are right, trading is not an easy thing to do, the chance of risks are very high which one needs to totally fortified themselves before indulging in it. That is why it's always encourage that before becoming part of crypto either by trading or Investing, one should take their time study about the basic knowledge and understanding of crypto, do more of research and not by rushing into it when they haven't acquire the important skills to use for their crypto journey.
So, demo trade can be of help just as you have also highlighted by helping them to build risk plan, which they can also learn self discipline or control. Having this knowledge will help or support them in getting smooth sailing.

[Dickiy]

yes, decision making is another thing that traders or even individuals will have to work on, knowledge is one thing but making good decisions with the knowledge you have is another
it's just like deciding to use a larger lot size because you have good knowledge of the market, no matter how good you are your decisions must support your risk management, knowledge acquired, and system.
not just in trading but in all aspects of like, knowledge can take you far but one bad decision can destroy all that your knowledge has built

You’ve said it all. Whether or not a person succeeds, whether in the trading sphere or generally is solely dependent on the choices they make, yes it’s good to acquire knowledge and as much as you can, but your ability to make the right decisions determines how valuable those knowledge you possess really is and not the amount of knowledge you really posses.

I agree with you, but I believe that everyone's decisions are always based on their knowledge. This means they are based on their knowledge, unless they make decisions haphazardly, even though they already have the knowledge.

This is why the more knowledge a person has, the better their decisions will be, and this is what brings them closer to success.

[Gaza13]

Know your potentials by assessing yourself if you are capable to invest or trade, or you might only end up with losses. Regrets do not happen at the beginning, so be guided on your decisions well. Now if you think you aren't ready enough, the best solution is to invest in yourself first, invest in your knowledge first and foremost. Work on it until you find yourself ready to navigate the market and maximize its positive outcome. Know when to exercise confidence, and know when to work on it first.

That is why before we start anything we need insight and knowledge in this matter, this is a solid foundation for us to take the next step. With the provision of knowledge, of course we will know the potential within ourselves and most likely most of us choose investment compared to trading, yes, maybe the potential risk is much smaller compared to trading, which is much bigger.

Investing is much simpler and not tied to daily fluctuations and is far from being liquidated in a short period of time. And to become a successful trader is certainly not as easy as we imagine, it requires a long process and sacrifice, and most people give up on taking up this profession.

[doomloop]

I believe that everyone's decisions are always based on their knowledge. This means they are based on their knowledge, unless they make decisions haphazardly, even though they already have the knowledge.

This is why the more knowledge a person has, the better their decisions will be, and this is what brings them closer to success.

That's the reason why we spend most of our lives in gaining knowledge. Knowledge is full of ocean and no matter how much we learn, there will always be a lot of other things that we can continue to learn. We gain knowledge and utilize that knowledge in something that can make us earn profits as well. Gaining profits without knowledge is like just throwing out a star in the dark with no aim. Knowledge will not only make us take better decisions but it will also back out decision with facts.

The more time we spend in gaining knowledge, the more successful we become in the future. Our present will decide what out faith can bring us in the future so let's give our best to gain knowledge before it's too late.

[BlackBaron]

These are interrelated. When we have good knowledge, we will consider everything according to our capabilities. For example, when deciding how much leverage to use in trading, when we have good knowledge, we will also have good risk management, so when making decisions, we will also consider the worst-case scenario.

Furthermore, knowledge can also significantly influence our emotions and self-control. What we need in trading is also closely related to self-control, preventing greed and fear.

You can have the knowledge, but I tell you that even with that knowledge you have you can still end up making emotional decisions.
Your emotions is totally regardless of the amount of knowledge you have or how intelligent you are, once someone gets emotional knowledge is kept aside at that particular moment, just like how you get angry and do something you know very well that it is not good but you still did it out of anger, it is a raw example of what I am pointing out,
Decision making is not dependent on knowledge but it is rather dependent on discipline. That is why I say that knowledge is One thing but making good decisions is is another.

Yes, I don't deny that, so I'm simply saying that we can prevent it by maintaining good self-control. However, I certainly agree that we can make emotional decisions even if we have extensive knowledge about trading. This is because emotions are inherent in us, and we can't eliminate them.

But can we lose control because of emotions? The answer is yes. Once again, we can't eliminate them, but we can minimize them and avoid them as much as possible.

[bangjoe]

Know your potentials by assessing yourself if you are capable to invest or trade, or you might only end up with losses. Regrets do not happen at the beginning, so be guided on your decisions well. Now if you think you aren't ready enough, the best solution is to invest in yourself first, invest in your knowledge first and foremost. Work on it until you find yourself ready to navigate the market and maximize its positive outcome. Know when to exercise confidence, and know when to work on it first.

That is why before we start anything we need insight and knowledge in this matter, this is a solid foundation for us to take the next step. With the provision of knowledge, of course we will know the potential within ourselves and most likely most of us choose investment compared to trading, yes, maybe the potential risk is much smaller compared to trading, which is much bigger.

Investing is much simpler and not tied to daily fluctuations and is far from being liquidated in a short period of time. And to become a successful trader is certainly not as easy as we imagine, it requires a long process and sacrifice, and most people give up on taking up this profession.

Knowledge is quite important especially we need to understand how the characteristics of the market, exchange in use, what tools, and others as a definition of basic knowledge before trading, but here we don't need to understand it in depth in terms of theory, learning while practicing will increase knowledge and skills will be more honed than just learning without direct practice, accelerated understanding needs to be improved in many ways.

Those who are successful in this field are very few because the level of difficulty is very large in trading, if the trade is a trade that uses leverage, but I think trading is not only that, those who do spot trading can also benefit, stay away from leverage.

[Humblevirus]

It is very hard for someone to be a successful trader if he or she does not have proper knowledge. So I feel that someone who wants to be a trader and starts with just limited knowledge will only waste their funds because they will hardly make profits from trading as long as they lack proper knowledge.It is known that trading is very difficult and comes with a lot of risks, but with proper knowledge, a trader may not face much challengings from make profits from trading time to time. Many people fail in trading because they never give themselves enough time to learn and gain a good level of knowledge.

[bettercrypto]

It is very hard for someone to be a successful trader if he or she does not have proper knowledge. So I feel that someone who wants to be a trader and starts with just limited knowledge will only waste their funds because they will hardly make profits from trading as long as they lack proper knowledge.It is known that trading is very difficult and comes with a lot of risks, but with proper knowledge, a trader may not face much challengings from make profits from trading time to time. Many people fail in trading because they never give themselves enough time to learn and gain a good level of knowledge.

To be successful in what you want to achieve, whether it's in the crypto space as a holder or a trader, it’s definitely not easy to attain. There are many things we have to go through here
not just time, physical effort, and mental energy, but we must also possess the qualities of a trader to succeed.

From being an investor, a holder, or a trader, we must know the qualities we have. It’s easy to say that we can overcome the challenges we’ll face here,
but it’s a different story when we’re actually experiencing it ourselves.

[henmark]

Whatever necessary thing for one to do in order to become a successful investor or trader should be done.
Yes you are right, trading is not an easy thing to do, the chance of risks are very high which one needs to totally fortified themselves before indulging in it. That is why it's always encourage that before becoming part of crypto either by trading or Investing, one should take their time study about the basic knowledge and understanding of crypto, do more of research and not by rushing into it when they haven't acquire the important skills to use for their crypto journey.
So, demo trade can be of help just as you have also highlighted by helping them to build risk plan, which they can also learn self discipline or control. Having this knowledge will help or support them in getting smooth sailing.

I would say experience can bring the best knowledge. We can never learn without actually practicing. So while gaining knowledge is important, it is also quite necessary to have real world experiences which can make us more skilled. When it comes to trading or investing, we tend to make mistakes but learning from those mistakes will guide us through.

It is okay to make mistakes but what's important is we should not make the same mistake again because a repeated mistake is nothing but foolishness. For trading we need a combination of knowledge, experience, risk appetite and ability to understand and survive in the markets. Making profits is not that easy but it is also not impossible.