Learn and understand before trading.

[Female King]

This part is where so many persons fail. They forget to ask some necessary questions before they embark on the journey of trading, forgetting trading is just like gambling, very risky and complicated. They assume putting more money in it will guarantee them winning, but the reverse is the case. The more money you use, the more money you lose, except you have had a little experience about it.
 It is better to learn, read, ask questions and better still emulate some one if you want to win in trading.

A very big pity for those who can be inpatient to learn thoroughly before attempting to trade on their own, the issue is that most people have so much pride and at every little they have learnt they feel that have arrived and have know it all or even while they have a very long way to go, they cut short of their learning process to prove a point and they end up messing up, I hate trading because the people I know that trades always trades out of greed and trading with an amount that when they lost it affects them negatively, they want to get rich over night and some uses money that is not their own.

Yes, There are many people who think they are very knowledgeable about trading, they think they have a lot of knowledge about trading, their ideas or strategies can bring them success. But the reality is not so simple, to really succeed in trading, the right knowledge is very important, along with having knowledge about the volatility of the market and patiently entering the market at the right time. When a person understands the volatility of the market with the right knowledge, enters at the right time and is able to withdraw all his money from the market by controlling his greed, he can make money from trading.

From my perspective, achieving success through trading is not an easy way. The possibility of losing money through trading is always high, so it is good to start trading with the right knowledge, patience and understanding, otherwise the possibility of losing money can increase manifold. Choosing to trading only based on greed or emotion is nothing but stupidity. It is wise to use your valuable money wise.

It's difficult to understand what the price of bitcoin will be analysing the same the price now base on previous circle doesn't work again so trading bitcoin can be too risky, traders are losing money but wouldn't talk about it because most at time their knowledge after buying at low thinking the price will go up so they can sell to make profit from it while the price never stop disappointing them. Bitcoin is not a stable coin so it will be hard to predict so what to do is buy for a long time sake buy when you have your discretionary income and hodl for many years.

[Sulegzy39]

Most people opted not to listen, thus experience is the only way for them to realise their losses. That being said, the concept of listening to whatever you hear on social media platforms such as YouTube, X, and others is not always bad; what is wrong is when you listen but fail to conduct adequate investigation to substantiate your information.Unfortunately, when it comes to money management and investing, I feel it is simply there to help you figure out when to buy and when not to. So it's simple to say that both work together, and failing to control them will result in one's investment becoming a gamble...

[Supreme Donvic]

Before you go into trading it is very important and compulsory that you understand how trading works, now the reason why you should understand it before going into it is because trading involves money and if you don't understand how it works you are going to lose huge amount of money so you need to understand how it works before going into it, trading is not something you just go into it without understanding anything about it cryptocurrency trading is one of the risky investment that we have right now and I have seen someone losing huge amount of money in trading in just a single day.
If you don't understand anything about trading please do not go into it find someone that will teach you very well. Some of all this people that you see online criticizing trading are those that went into trading with no knowledge about trading and they lost all there money and they are now complaining about trading and also criticizing it.
Learn trading before going into it.

[HajiBagi]

It’s very Risky for someone who doesn’t have knowledge or idea of how trading works, and it’s not right for the person to start trading. Even if luck sometimes can help the person. Trading isn’t only about guessing whether a market will go down or up. It’s all about having understanding about the market, strategy, risk management. and discipline.
If a person decides to choose randomly, they may end up losing all their money. I’m not lying. they may also end up finishing all their savings. Trading is a skill that someone needs to practice, learn, and be patient before they can make steady profit.
My advice is that, don’t rush to start if you don’t know the system. first, you need to learn, practice with demo account, know risk management and understand how the market works. After all this, you can now start trading.
Trading isn’t lottery, it requires skill, knowledge and patience. If you go into trading without proper knowledge, you will lose everything.

As a trader you must learn how to take a big risk no matter what happen, the reason why i said big risk is because trading is not for people who can not take a big risk, you know investing in bitcoin is also a risk but not big risk as trading because in a minutes you can lose everything in trading, trading is not for everyone and it is not for newbie because it will never allow newbie to know that investing in bitcoin is better than trading, i dont advise anyone to do or learn trading because i dont know how to do it and i dont want to learn because i can not take that kind of risk that is why i will never advise anyone to do trading, it is better to invest in bitcoin and have a rest of mind than be taking risk every day.

[Adams0001]

Trading is not just something to rush into , it’s a skill that should be carefully understood, learning how the market works, trading is very risky when there is no adequate knowledge on how to go about it ,  it requires patience, invest alot of time in understanding how it comes, trading and gambling are two different thing that shouldn't be categorized as same , losing money in trading involves a whole lot of emotion, mental breakdown, to be successful in trading, you need a right mindset , focus , discipline and Also be consistent, because if not , a common mistake can cause your money .

sure, anything you're doing you can't just rush on it not only trading, but everything you're trying to do trading is very risky and you need to get experience and get knowledge about it before you can probably succeed because some even by learning they don't get the opportunity to achieve profit in trading, Since not everyone he will work out for. And that is why some try to move to investment because that is the only thing can minimise your risk when you're investing in bitcoin.

But trading can make you get huge profit and still make you lose immediately, since is volatile and you can't be predicting the market always and work's for you the way you need it sometime. But bitcoin can make you get better profit but you should know that is not easy you need to invest for long term first before you can achieve your goals on it, anything just need plan before doing it.

[GIF-JOBS]

It’s very Risky for someone who doesn’t have knowledge or idea of how trading works, and it’s not right for the person to start trading. Even if luck sometimes can help the person. Trading isn’t only about guessing whether a market will go down or up. It’s all about having understanding about the market, strategy, risk management. and discipline.
If a person decides to choose randomly, they may end up losing all their money. I’m not lying. they may also end up finishing all their savings. Trading is a skill that someone needs to practice, learn, and be patient before they can make steady profit.
My advice is that, don’t rush to start if you don’t know the system. first, you need to learn, practice with demo account, know risk management and understand how the market works. After all this, you can now start trading.
Trading isn’t lottery, it requires skill, knowledge and patience. If you go into trading without proper knowledge, you will lose everything.

As a trader you must learn how to take a big risk no matter what happen, the reason why i said big risk is because trading is not for people who can not take a big risk, you know investing in bitcoin is also a risk but not big risk as trading because in a minutes you can lose everything in trading, trading is not for everyone and it is not for newbie because it will never allow newbie to know that investing in bitcoin is better than trading, i dont advise anyone to do or learn trading because i dont know how to do it and i dont want to learn because i can not take that kind of risk that is why i will never advise anyone to do trading, it is better to invest in bitcoin and have a rest of mind than be taking risk every day.

Actually before taking any type of risk, we have to consider our own risk-taking ability, why should I take a risk that I cannot take? but If I take that, then I will definitely face a negative situation, this is a common thing that everyone should understand. You should not do anything based on emotions, because reality is very difficult, so you have to take what you are able to handle the best, decisions taken beyond your capacity will only cause harm.

[Stable090]

It’s very Risky for someone who doesn’t have knowledge or idea of how trading works, and it’s not right for the person to start trading. Even if luck sometimes can help the person. Trading isn’t only about guessing whether a market will go down or up. It’s all about having understanding about the market, strategy, risk management. and discipline.

Risk Dey trading very well, so before u even talk say u wan start to Dey trade, e better make u take ur  time to accumulate more knowledge about am, trading pass make u Dey guess if market go pump or dump, if u Dey guess as a trader, then na big risk u Dey take, and u fit lose money at the end.

Person suppose take time to learn more about where him wan Dey make money from, u no fit just up into something just because say u Dey hear say people Dey make money from am, and u self wan make money. If u no really sabi Wetin u Dey do, e Dey very easy to lose money in trading, na y we no suppose rush into am, and we no suppose trade just because say u Dey hear say people Dey make money from trading, u no get d knowledge wey those people wey Dey make money get, so u go need take time to accumulate knowledge about am also.

[Fivestar4everMVP]

It’s very Risky for someone who doesn’t have knowledge or idea of how trading works, and it’s not right for the person to start trading. Even if luck sometimes can help the person. Trading isn’t only about guessing whether a market will go down or up. It’s all about having understanding about the market, strategy, risk management. and discipline.
If a person decides to choose randomly, they may end up losing all their money. I’m not lying. they may also end up finishing all their savings. Trading is a skill that someone needs to practice, learn, and be patient before they can make steady profit.
My advice is that, don’t rush to start if you don’t know the system. first, you need to learn, practice with demo account, know risk management and understand how the market works. After all this, you can now start trading.
Trading isn’t lottery, it requires skill, knowledge and patience. If you go into trading without proper knowledge, you will lose everything.

You are absolutely right, but you forgot to mention that it's also possible that if a person randomly choose or enter a trade, they may also win and make lots of money too, because in the end, what goes around actually does come around, as it's possible to lose money from trading without knowledge, so also it's possible to make money from trading without knowledge as well..

The difference between trading with good trading knowledge and trading without knowledge is that in the former, the trader is dependent on his or her own skill and knowledge to win, based on the type of strategies he or she is able to come up with.
But for the later, the trader simply depends on luck, a trader who does not know anything about trading but still decide to trade is simply gambling, and if he or she is lucky, he or she will win and make money, but if unlucky, he or she will lose money instead.

[Bitcoin.com97]

Even if you have all the knowledge that doesn’t still guaranteed that you are going to make profit , I feel there is so much risk in trading , although everything in life is risky , if you decide to take the risk and succeed, you will be seen as a wise person, and then again sometime it depends on luck, you may be fortunate enough to make good profit , lastly learning and understanding it also help a lot , it keeps you in Check and be aware of so many things .

[ASloveapg]

Even if you have all the knowledge that doesn’t still guaranteed that you are going to make profit , I feel there is so much risk in trading , although everything in life is risky , if you decide to take the risk and succeed, you will be seen as a wise person, and then again sometime it depends on luck, you may be fortunate enough to make good profit , lastly learning and understanding it also help a lot , it keeps you in Check and be aware of so many things .

You are right, there is no guarantee that someone will be able to make a profit in trading just because they have gained knowledge. Experienced people cannot maintain their profits in the long term. Because it is difficult to always make the right decisions based on uncertain market fluctuations. So, even if someone does not get a guarantee of winning with knowledge, he can control his own losses and at least understand when he should stop. In trading, it is necessary to take breaks many times to reduce wrong decisions. And professional traders can control themselves. However, making decisions completely dependent on luck in trading is risky. Even knowledgeable and experienced traders can sometimes lose, but taking risks consciously makes a trader mature and experienced. So learning, planning and self-control play an important role in surviving in trading.

[Yeesha]

Even if you have all the knowledge that doesn’t still guaranteed that you are going to make profit , I feel there is so much risk in trading , although everything in life is risky , if you decide to take the risk and succeed, you will be seen as a wise person, and then again sometime it depends on luck, you may be fortunate enough to make good profit , lastly learning and understanding it also help a lot , it keeps you in Check and be aware of so many things .

You are right, there is no guarantee that someone will be able to make a profit in trading just because they have gained knowledge. Experienced people cannot maintain their profits in the long term. Because it is difficult to always make the right decisions based on uncertain market fluctuations. So, even if someone does not get a guarantee of winning with knowledge, he can control his own losses and at least understand when he should stop. In trading, it is necessary to take breaks many times to reduce wrong decisions. And professional traders can control themselves. However, making decisions completely dependent on luck in trading is risky. Even knowledgeable and experienced traders can sometimes lose, but taking risks consciously makes a trader mature and experienced. So learning, planning and self-control play an important role in surviving in trading.

Knowledge is, just a form of guidance for a trader, knowledge guides every gambler on how to be skillful and manageable. There is a possibility that a knowledgeable trader is blessed with the ability to apply some strategies in order to minimise losses and maximise the profits. A knowledgeable can sometimes lose just as you said and I can't deny that. But an individual that jumps into the world of trading without having any idea of what it is and how it is operating, this individual is highly at risk of losing most especially if care is not taken. The best thing that every beginner trader supposed to do is to follow the essentials steps, so as to minimise the risk of losing or getting addicted to trading.

[Byebyebtc]

No matter how professional you are in trading, you cannot make steady profits, you will end up losing in the long run. I will advise anyone that wants to trade to avoid trading because seeking for quick profits is a path to big losses. Trading is very risky, it will be better to start your crypto journey as a long-term bitcoin investor and forget about quick profit because it's easily said than done. Demo isn't the same with real trading.

It's so sad that you speak of trading in this manner, when you don't know much about it
First of all trading is not quick profits, it's a patiently calculated and intentional profit, that is built on chat analysis based on past results.
Traders calculate their risk to reward, and they always make sure that the reward is higher that the risk in each trade, This gives them an edge to be profitable overall, long run or short run. So i think it will be better you study more about something before you condemn it to others

[AYOBA]

It’s very Risky for someone who doesn’t have knowledge or idea of how trading works, and it’s not right for the person to start trading. Even if luck sometimes can help the person. Trading isn’t only about guessing whether a market will go down or up. It’s all about having understanding about the market, strategy, risk management. and discipline.

That’s just the fact about those that are new to trading, but that is what most of them don’t understand they think that with their little knowledge can able to handle trading which is not working in that way anyone who want to be successful in trading most have to seek for knowledge of the market and the fundamentals analysis; and also how they can manage the risks if not everything will go according to their plan.

If a person decides to choose randomly, they may end up losing all their money. I’m not lying. they may also end up finishing all their savings. Trading is a skill that someone needs to practice, learn, and be patient before they can make steady profit.

Some people think that trading is a place where they can earn quick money. Their unaware that every steps about trading is matter of knowledge and a patience, because if a person don’t have patience there’s no way it can make a profits in trading that is why this two things has become very important in trading.

My advice is that, don’t rush to start if you don’t know the system. first, you need to learn, practice with demo account, know risk management and understand how the market works. After all this, you can now start trading.
Trading isn’t lottery, it requires skill, knowledge and patience. If you go into trading without proper knowledge, you will lose everything.

I will rather advice someone to start investment then introduce he/she to trading as we all know that the investment has less risks, unlike the trading that once you’ve lose that is all there’s nothing that you’re going o recover back the in a few months time; and since it’s required a lots of skills I think the best thing is to start up
Investment.

[gabbie2010]

No matter how professional you are in trading, you cannot make steady profits, you will end up losing in the long run. I will advise anyone that wants to trade to avoid trading because seeking for quick profits is a path to big losses. Trading is very risky, it will be better to start your crypto journey as a long-term bitcoin investor and forget about quick profit because it's easily said than done. Demo isn't the same with real trading.

I knew some professional forex traders who earn profits consistently week in week out, in fact there are few Nigerian forex traders community on twitters who displayed their real winning streaks and all their achievement as well as their assets gotten from the profits, especially traders funded by Prop organizations, some of thise traders has funded account of more than $100,000, I  believe with the right knowledge and skill a forex trader would become profitable in the long run but it requires a lot of effort and despite losses while learning, with respect to Crypto trading this one is highly risky based on personal experience because it Price is highly volatile having traded both trading.

[Olatundespo]

I would suggest you start with a little idea about investing before trading. Learn about investing before learning trading. Mental preparation for long-term investing and doing it regularly will build patience and discipline in you. Knowledge about the market will increase and you will know which currencies are reliable and have potential for the future.

A rich person can invest or trade in any strategy, but for a poor person, these two strategies are very risky because they have less available funds. Since the income of the poor is low, they spend most of their funds to meet basic needs. Bitcoin investment will be a good strategy for those poor investors. Saving Bitcoin through Dollar Cost Averaging (DCA) can be the best investment strategy. Because through discretionary income, you can get higher returns than expected in a long term investment plan.

Focus on holding Bitcoin along with learning investment knowledge. By learning about other reliable coins, you can trade in a limited amount and such an amount that is worth losing funds.

[PremiumcryptoHub]

Even if you have all the knowledge that doesn’t still guaranteed that you are going to make profit , I feel there is so much risk in trading , although everything in life is risky , if you decide to take the risk and succeed, you will be seen as a wise person, and then again sometime it depends on luck, you may be fortunate enough to make good profit , lastly learning and understanding it also help a lot , it keeps you in Check and be aware of so many things .

You are right, there is no guarantee that someone will be able to make a profit in trading just because they have gained knowledge. Experienced people cannot maintain their profits in the long term. Because it is difficult to always make the right decisions based on uncertain market fluctuations. So, even if someone does not get a guarantee of winning with knowledge, he can control his own losses and at least understand when he should stop. In trading, it is necessary to take breaks many times to reduce wrong decisions. And professional traders can control themselves. However, making decisions completely dependent on luck in trading is risky. Even knowledgeable and experienced traders can sometimes lose, but taking risks consciously makes a trader mature and experienced. So learning, planning and self-control play an important role in surviving in trading.

Knowledge is, just a form of guidance for a trader, knowledge guides every gambler on how to be skillful and manageable. There is a possibility that a knowledgeable trader is blessed with the ability to apply some strategies in order to minimise losses and maximise the profits. A knowledgeable can sometimes lose just as you said and I can't deny that. But an individual that jumps into the world of trading without having any idea of what it is and how it is operating, this individual is highly at risk of losing most especially if care is not taken. The best thing that every beginner trader supposed to do is to follow the essentials steps, so as to minimise the risk of losing or getting addicted to trading.

Yes, you are absolutely right that knowledge leads a trader to be controllable and I think it leads a trader to be disciplined. I would like to mention one thing to our new members, especially when it comes to trading, that every trader should master the basics. So the basics of trading are, everyone should create their own trading strategy, control emotions, learn from mistakes, everyone should refrain from trading for no reason, limit risk and be careful with quick success. If you can master these things mentioned here, maybe the basic knowledge of a new cryptocurrency trader will be complete.

[Humblevirus]

It’s very Risky for someone who doesn’t have knowledge or idea of how trading works, and it’s not right for the person to start trading. Even if luck sometimes can help the person. Trading isn’t only about guessing whether a market will go down or up. It’s all about having understanding about the market, strategy, risk management. and discipline.

If it is not that some people are so eager to make money and don’t think well, how will someone just start doing something that he or she does not have knowledge about? It is like not knowing how it works. I see it as foolish not only in trading, but also in other areas that involve using money.The reason many people complain about trading and losing money from time to time is because they do not have deep knowledge about it. If they had proper knowledge of trading, they would not lose money carelessly. It is not easy to make money from trading, but trust me, proper knowledge can prevent someone from losing too much money.

The point about trading is that even when you are not making much profit, you should not be losing money anyhow. However, people are mostly concerned about making profits and do not focus on preventing losses, which leads to frequent losses. This is one of the main reasons people complain about trading.When someone has proper knowledge of trading, they are more likely to know when the market might crash, which is what affects many traders. People are often blinded by the profits they expect to make, so they enter the market at the wrong time. When they do this, they lose a lot and then try to recover again, often making things worse.

[Lembo69]

In trading, a trader plays with such tricks that it is either do or die. They always play with risk, and only those who dream of achieving victory have the courage to take these tricks. They trade because they have so much self-confidence in themselves. A trader never looks back, his goal is to move forward. Trading sometimes makes someone very profitable and sometimes someone faces losses. Therefore, in trading, a trader should trade as little as he has the ability to lose.

A trader needs to have knowledge about various things starting from hedging. Knowledge is the main feature of a trader, no one can survive in trading without knowledge. Because knowledge makes a trader a skilled trader. Many people come who get bored while learning trading and they cannot acquire this knowledge. But those who learn with self-confidence and gain knowledge about the market, at one time they become known as very good traders.

In the beginning, a new trader should trade a little because he does not know much about the market. When he becomes fully experienced, it will not be a problem to increase the level of trading. He will not face that much loss. But if someone takes a lot of risk in the beginning, then maybe it can be the reason for a lot of loss for him. Trading is easy if a trader keeps his attention on the market and keeps his ears open. And if he has a perfect idea of ​​when the market price will fall and when the market price will rise

[Exitoral]

On point with everything you said. Learn first before you earn. True earnings comes from real skills and it's not an easy road to pass. Many beginner traders think the market is just a movement of up and downs and predicting which direction it's going is just a game changer. Even though they are right about the movement of ups and downs, they still don't get that you still have to enter the trade at the right point so it doesn't make a funny move and play with your emotions.

 The cost of not learning trading and just actually trading is very high a price. And not many people have that price and those who do indulge in trading and don't see results label trading as scam. As trading is a game of extreme patience. Not everyone has that skill. A beginner needs to learn the core aspects of the skill of trading. And you have rightfully listed a few of them. One thing that you didn't mention is the psychology behind trading. Trading messes with your mind. And if that isn't intact someone might lose it. In everything normally before indulging in it require skills.

[Father111]

A lot of people think that trading is the same thing as gambling but that's not really accurate, trading actually deals with more of your knowledge on the financial market and it's not something you can just go into without proper learning. Most people don't really get the results they want from it because they don't give in enough time to learning and understanding what the market is all about. If you don't learn properly there is no way you are going to get positive results, rushing the process isn't really going to help you become a better trader

You have spoken as you comprehend on the different between trading and gambling and with what i can see above, you were able to tell us what trading is all about, i will not argue on your explanation of trading, you are very correct but you fail to tell us the difference, after tell us what is trading all about, I'm here to tell you, with your explanation so far, you will understand trading is not too far from the word gambling, which is to say trading is gambling and gambling is trading