Learn and understand before trading.

[ASloveapg]

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...

Basically, people get the opportunity to learn from the experience of others. If someone makes a profit in trading, many are interested in seeing his profit, and if someone loses, many get the opportunity to learn from that mistake. Conscious people learn from the mistakes of others and become aware themselves. However, learning about trading from social media or various platforms is not wrong unless it is learned from some kind of fake source. However, one should not enter trading by learning only from social media or online platforms. Because currently, misleading and fake news is often spread on online platforms, so there is a possibility of being deceived by such fake news. However, the investment decision of each person should be his own. One should never apply it to oneself based on the ability and ability to take risks of others. Decisions should be made based on one's own ability and capability.

[Solodoski]

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.

Trading can be very risky but that does not mean there are people who are not successful traders, maybe you have not seen. Ive been with a roommate who is good in trading, he make loss sometime, while other time he gets a win. Trading require years of experience to be successful And a trader has to have a good source of income to remain consistent. The challenge new traders are having is the lack of finance and patience. New trader are eager to make money so fast from trading.

[Agathamay]

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.

Do you think, trading with demo account and switching to real balance would have the same feeling ? Maybe yes for others(I mean traders) but I think for some other traders, it's not always the same because when we trade in demo, there are still possibilities of the trader being reckless since trading balance can easily be refilled and restarted at any point in time.

I don't know if you have tried some of these highly advertised brokers lately? Because most of these brokers make trading look like gambling as most of their adverts only days that, we can predict if the market goes up or down and most of them even make it possible for very short trading time which I think makes trading look like gambling

[Mr_Brilliant$]

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.

Trading can be very risky but that does not mean there are people who are not successful traders, maybe you have not seen. Ive been with a roommate who is good in trading, he make loss sometime, while other time he gets a win. Trading require years of experience to be successful And a trader has to have a good source of income to remain consistent. The challenge new traders are having is the lack of finance and patience. New trader are eager to make money so fast from trading.

Nor be lie, na true sha.. e fit dey work for people… but the truth be say most people rush things too much. Na there wahala start.

Me sef don see am, once person dey desperate to make quick money, na there dem take dey mistakes plenty pass. To make money na long game…. If you nor get patience or steady income wey go hold you down, pressure go just push you enter bad decisions…
That fast money mindset? na wetin dey finish most people..
But still yet nor be for everybody, because of the risk were dey involve..

[Rubuchi]

Trading can be very risky but that does not mean there are people who are not successful traders, maybe you have not seen. Ive been with a roommate who is good in trading, he make loss sometime, while other time he gets a win. Trading require years of experience to be successful And a trader has to have a good source of income to remain consistent. The challenge new traders are having is the lack of finance and patience. New trader are eager to make money so fast from trading.

I also have a tutor in trading who has mastered the art and skills of trading and will hardly record failures due to his ability to make calculated risks. Trading is all about taking calculated risks and managing your emotions properly to gain over temptations and greed. Once you are able to work on those emotions and expectations, it becomes a lot easier for you to fight against the urge that keeps you trading even when you have started entering the negatives. Trading is more for the the hard working and patient ones than just for the smart ones, because you can still be smart and not become a trader who does underestimate small wins and chase big wins when you could have used the same energy to win big some day.

[Father111]

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.

It is certain to always learn every blessed day and i know i haven't gotten to the stage of trading but for the purpose of learning, will believe that no knowledge is a waste, everything the OP has outlined here is very important for every beginning like us, we should be aware of those points OP makes and take note, i can remember when i was told about when you are to trade, no gusting work or don't think you can just  practice what you don't know in trading since everything about trading part involves money, one must be very careful in handling it, any slind mistake is automatically money lost.

[Yorubek]

Trading can be very risky but that does not mean there are people who are not successful traders, maybe you have not seen. Ive been with a roommate who is good in trading, he make loss sometime, while other time he gets a win. Trading require years of experience to be successful And a trader has to have a good source of income to remain consistent. The challenge new traders are having is the lack of finance and patience. New trader are eager to make money so fast from trading.

I also have a tutor in trading who has mastered the art and skills of trading and will hardly record failures due to his ability to make calculated risks. Trading is all about taking calculated risks and managing your emotions properly to gain over temptations and greed. Once you are able to work on those emotions and expectations, it becomes a lot easier for you to fight against the urge that keeps you trading even when you have started entering the negatives. Trading is more for the the hard working and patient ones than just for the smart ones, because you can still be smart and not become a trader who does underestimate small wins and chase big wins when you could have used the same energy to win big some day.

Most new investors think that trading is a quick and easy way to make money in a very short time. They think that when the price falls, you have to buy Bitcoin and when the price rises, you can easily make a lot of money by selling it without any complications. The reality is not like this at all, when we come out of the world of imagination and start trading in reality, we will have to face various obstacles.
There are very few people who can achieve success by trading, first of all, we have to understand what trading is, understand the movement of the market, and use the right strategy, you cannot enter the market quickly, you have to enter the market patiently and exit the market at the right time. It take a long time to understand these things well. Those who gain knowledge patiently and do not get disappointed quickly and persist in achieving success are the ones who succeed in the end.

[Mate2237]

Snip

snip.

Most new investors think that trading is a quick and easy way to make money in a very short time. They think that when the price falls, you have to buy Bitcoin and when the price rises, you can easily make a lot of money by selling it without any complications. The reality is not like this at all, when we come out of the world of imagination and start trading in reality, we will have to face various obstacles.
There are very few people who can achieve success by trading, first of all, we have to understand what trading is, understand the movement of the market, and use the right strategy, you cannot enter the market quickly, you have to enter the market patiently and exit the market at the right time. It take a long time to understand these things well. Those who gain knowledge patiently and do not get disappointed quickly and persist in achieving success are the ones who succeed in the end.

Anyone who thinks that but buying when the price is down and selling when the price is up in trading is a novice, and probably doesn't understand what it means by trading. This is one reason most people see trading as one thing that is not worth venturing into, but the truth is that trading is a complex process which to me rewards people who understands what it means to trade and how the market moves, when to take profits and even when to enter the market for maximum profit making.


Anyone who rushes into trading will have one thing to complain at the end of the day, because the ending will not be too good because there is no room for novice when it comes to trading because even the best of traders lose money in the market.

[Hardyrobust]

Snip

snip.

Most new investors think that trading is a quick and easy way to make money in a very short time. They think that when the price falls, you have to buy Bitcoin and when the price rises, you can easily make a lot of money by selling it without any complications. The reality is not like this at all, when we come out of the world of imagination and start trading in reality, we will have to face various obstacles.
There are very few people who can achieve success by trading, first of all, we have to understand what trading is, understand the movement of the market, and use the right strategy, you cannot enter the market quickly, you have to enter the market patiently and exit the market at the right time. It take a long time to understand these things well. Those who gain knowledge patiently and do not get disappointed quickly and persist in achieving success are the ones who succeed in the end.

Anyone who thinks that but buying when the price is down and selling when the price is up in trading is a novice, and probably doesn't understand what it means by trading. This is one reason most people see trading as one thing that is not worth venturing into, but the truth is that trading is a complex process which to me rewards people who understands what it means to trade and how the market moves, when to take profits and even when to enter the market for maximum profit making.


Anyone who rushes into trading will have one thing to complain at the end of the day, because the ending will not be too good because there is no room for novice when it comes to trading because even the best of traders lose money in the market.

Trading is more about speculation and then timing the market to be able to determine a low entry point and also when it will be favourable to sell. However,  Trading is very complex because this speculation is based on analysis and past market history. Trading is very risky and to me I won't advise anyone to venture into it because they may end up losing all there money within a glimpse of an eye.
Even those that you may think are expert still losses money while trading so understanding how complex trading is doesn't mean that it is certain to be rewarded.

[Dzwaafu11]

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.

Anybody who view trading just the way you said will keep loosing, and won’t get a profit for a single day. Because there is nothing like luck as far trading is concern basically this thing works with knowledge and understanding of the trader, without that honestly speaking there is no way

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.

Trading is all about understanding and knowing everything you want to do, there is no way someone will jump into the market and make money from it, you must be able to understand everything before you can make money from trading, trading has a lot of risk that you must be able to control yourself before venturing into it, beginners try to ignore the risk and rush into it, but many fail.

[Sammye3]

Trading is all about understanding and knowing everything you want to do, there is no way someone will jump into the market and make money from it, you must be able to understand everything before you can make money from trading, trading has a lot of risk that you must be able to control yourself before venturing into it, beginners try to ignore the risk and rush into it, but many fail.

Most people cannot practice the diligence that comes with learning and that is a mentality problem. I have a friend who is into copy trading and has no basic knowledge of how the market works, and he shows no desire to learn.

Definitely, understanding the market price action is important when trading no matter the situation. A popular saying "no knowledge is a waste" is not entirely a fallacy, because digital skills would always remain relevant and important in every sense.

[Yablee0]

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.

To be honest trading is something I have so much been careful with right from time and you rarely see me doing it , and again it's something that before embarking on it you need a lot of practice and a enough knowledge before getting involved. Though luck has  a whole lot to play no matter how much work we put in. However, one thing that is sure and must be observed as long as trading is concerned is that nothing is guaranteed despite how good you think you are in the game. Therefore in other to be on the safer side you must ensure you trade with what you can afford to lose to avoid being totally shattered when things didn't go as planned.

[Bigjoe33]

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.

It is certain to always learn every blessed day and i know i haven't gotten to the stage of trading but for the purpose of learning, will believe that no knowledge is a waste, everything the OP has outlined here is very important for every beginning like us, we should be aware of those points OP makes and take note, i can remember when i was told about when you are to trade, no gusting work or don't think you can just  practice what you don't know in trading since everything about trading part involves money, one must be very careful in handling it, any slind mistake is automatically money lost.

That's just it bro. I haven't done trading before. But the complex nature and too much risk involved in it has made me even not thinking of trading. A lot has been heard about trading, and I don't plan to be there even. For me, it's just too painful that I loose my money immediately without even thinking twice, that's the same thing with gambling, and that's why am very careful with gambling. If it has been proven that no matter your level of experience and/or knowledge, that you can still loose enough money in trading, then why will I intentionally engage my mental health to such thinking. If you ask me, trading is too risky and should be a bit avoided, but well of course, the trader will always beer his risk all alone

[Yeesha]

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.

Trading can be very risky but that does not mean there are people who are not successful traders, maybe you have not seen. Ive been with a roommate who is good in trading, he make loss sometime, while other time he gets a win. Trading require years of experience to be successful And a trader has to have a good source of income to remain consistent. The challenge new traders are having is the lack of finance and patience. New trader are eager to make money so fast from trading.

Every beneficial thing contains risk, and trading is not excluded, especially if it is has to make you experience what success is all about. Trading is not a get rich thing, and it doesn't guarantee that. After investing in a particular business, along with your capital, you also have to invest your time, and effort just to ensure that you are doing what suppose to be done for the development, growth and also the make the business more standard. Just capital alone is actually not enough in business, and using a large amount of money to start-up or set up of business from the very first beginning is the biggest risk to take. Sometimes a trader will make a huge profits and sometimes they might lose a huge amount of money, but patience is always the key to avoid yourself from being devastated, or being drift away from a state of contentment.

[Emjay24]

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.

Trading can be very risky but that does not mean there are people who are not successful traders, maybe you have not seen. Ive been with a roommate who is good in trading, he make loss sometime, while other time he gets a win. Trading require years of experience to be successful And a trader has to have a good source of income to remain consistent. The challenge new traders are having is the lack of finance and patience. New trader are eager to make money so fast from trading.

In trading, you don't just understand the markets and candles, you need to understand what triggers the market that you trade on and the reaction of the market to such different triggers. Getting positive results from trading involves a lot, there's lots of researches and data you should visit before proceeding to place a trade. Some people think that trading is just about reading and understanding the candles, but it is a lot more than that if you are interested in recording success.

[iBaba]

To be honest trading is something I have so much been careful with right from time and you rarely see me doing it, and again it's something that before embarking on it you need a lot of practice and a enough knowledge before getting involved. Though luck has  a whole lot to play no matter how much work we put in. However, one thing that is sure and must be observed as long as trading is concerned is that nothing is guaranteed despite how good you think you are in the game. Therefore in other to be on the safer side you must ensure you trade with what you can afford to lose to avoid being totally shattered when things didn't go as planned.

Trading is not something you just jump into, if you jump into trading carelessly without gathering the necessary knowledge and information you need to take into the market, trust me you will rush out of it again because you will be confused. Trading is a little bit more complicated as compared to investment.

When you are going for bitcoin investments, you face less of issues with the market volatility but when it is bitcoin trading, you will be at the core of it hence the reason why you must learn and understand what you have learnt before applying it to a trade. It is also crucial for every trader to learn from the right channel as it gives them the foundational understanding they need which by the way helps them to achieve more results during their career.

[Stepstowealth]

Trading is not something you just jump into, if you jump into trading carelessly without gathering the necessary knowledge and information you need to take into the market, trust me you will rush out of it again because you will be confused. Trading is a little bit more complicated as compared to investment.

It is not just important that you get the information you need before you start trading, where you also get the information is also something very important because getting trading information from a wrong source and knowledge, will only lead to make sure that you loose. Your knowledge nor go fit hold water. One thing wey I also notice na say the market dey always dey change, and the ability for you to adjust to the market still matters. Your ability to adjust will depend on your knowledge, and your knowledge go depend on where you learn from.

[Webutxo]

Trading is not something you just jump into, if you jump into trading carelessly without gathering the necessary knowledge and information you need to take into the market, trust me you will rush out of it again because you will be confused. Trading is a little bit more complicated as compared to investment.

When you are going for bitcoin investments, you face less of issues with the market volatility but when it is bitcoin trading, you will be at the core of it hence the reason why you must learn and understand what you have learnt before applying it to a trade. It is also crucial for every trader to learn from the right channel as it gives them the foundational understanding they need which by the way helps them to achieve more results during their career.

I wish everyone can listen to simple rule if trading but I don't feel somehow when I see people lose money to trading because of the wrong narrative some people has consumed from the social media. Where influencers now show their wallet address and the money they have made from trading, this thing turn on their head and ignore all the signs of trading, instead of asking how they did and the risks they did to get that money, they jump to the business.

If you should see amount of money some people have lost to trading, it would have make sense if they use that money to buy and hold Bitcoin. Some people open high leverages without understanding what trading is about, they learn all the mistakes until it's late to stop before they realize their mistakes. You can imagine even the stress of losing everything in trading and the time wasted. All of these could have been avoided but they don't want to learn.

[liasbaa]

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.

Surely. If you start trading just for profit without any financial plan, you will lose your funds gradually. As happens with gamblers. Gamblers who gamble to make money will definitely lose their saved funds.

In terms of financial risk you can compare gambling with trading. Experience is important to reduce risk in trading, but it will not be beyond the scope of the risk of losing your money. You have recommended learning risk management in trading. If you start knowing the risks of trading, it will be a mistake for you. Initially, you should learn long term investment because this method will build you patience and you will not be restless for short term profits. Investing in Bitcoin for the long term is an ideal and the best strategy for practicing patience and building wealth. Long term Bitcoin investment is better than trading to achieve a sustainable financial capacity.

[emmybd]

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.

The primary issue is a lack of trading expertise and patience. Simply viewing advertisements or hearing from friends won't get you started in trading. You should begin studying technical analysis first. You can create a demo account and practice trading at the same time. You will be in a better position to comprehend the market and the associated risk if you practice for a month or two. Start little at first and refrain from taking needless chances. Gradually raise your investment as you develop expertise and understanding. Some traders lose patience and make blunders as they begin to achieve some gains. To win large, they start taking a lot of chances. They consequently lose everything.