Learn and understand before trading.

[Chilwell]

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.

Anyone who knows about trading and understand it knows that it complicated, and it involves continuous learning to avoid severe or excessive loss. Other people's mistakes is an opportunity for you to gain new experiences. Because what you experience might be different from others, that's why sharing your experiences with others is a good alternative. Nowadays people don't trust any information or news that they see on social media, because of misinformation and the rumour mongers that mislead people. But it is not every news that is fake. You just have to find a legit source where you can be learning more trading skills, some traders share their experience on social media including the negatives and positive experiences. But that shouldn't stop you from following your own strategies or opinions, as long as it is suitable for you. Trading does not know familiarity, despite being in the filed for years or even more than decade it cannot prevent you from loosing, as long as you want to last in trading, you have to make learning part of your daily activities.

[Olatundespo]

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.

I would suggest getting involved in long term investments and building a Bitcoin holding through small size funds before trading. I am not saying against trading but you need to practice discipline before trading. It is necessary to practice patience and it is also important to learn about the risks in investing. After all you will not be able to make profits in trading through small size funds and due to lack of experience your chances of losing will be much higher. Traders start trading with the aim of making high profits in a short period of time but most traders do not succeed here because of lack of patience and discipline. Give up the temptation of getting high profits and accumulate Bitcoin for the long term and build a decent holding.

[Hustle2025]

This very topic and advice is not just specifically for the traders alone, i believe it includes and concerns the investors as well ( people who buy bitcoin and hold it for a specific period of time before selling). Having required knowledge and information about bitcoin trading and investment is as important as having the funds( capital) to start trading or investment. Going into bitcoin trading and investment without having the required knowledge and information is just like someone throwing money into a river because it will not come back neither will it yield returns.

A trader going into trade without having the knowledge of risk management and analysis, how to analyse the market movement and know when to trade or not, not to trade out emotion or the fear of missing out ( fomo), not to go into trading with a borrowed fund and to verify every information he or she gets on social media before implementing it into his or her trade. A trader without this basic knowledge is already prepared to lose all his assets.

[Supreme Donvic]

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.

I would suggest getting involved in long term investments and building a Bitcoin holding through small size funds before trading. I am not saying against trading but you need to practice discipline before trading. It is necessary to practice patience and it is also important to learn about the risks in investing. After all you will not be able to make profits in trading through small size funds and due to lack of experience your chances of losing will be much higher. Traders start trading with the aim of making high profits in a short period of time but most traders do not succeed here because of lack of patience and discipline. Give up the temptation of getting high profits and accumulate Bitcoin for the long term and build a decent holding.

I agree with you before someone should go into trading he or she should start by investing in Bitcoin for long-term there's a lot of things you are going to learn from that investment and again if after getting into long-term bitcoin investment what you should do if you really want to trade is to use small percentage from your discretionary income to trade, we need to understand that trading is very risky and it is not something that someone who is new into bitcoin should go into because it will cost the person to lose a lot of money so it is better that you go into long time bitcoin investment if you are new into crypto and if you are already investing in Bitcoin for long term and you still need to trade use small amount of your discretionary income to do that.

[VivaMan]

It's important for one to really learn and understand very well before trading, because it's volatile.

Trading isn't an easy investment,  it's very risky and confusing sometimes, that's is why it requires patience and self control.

It's very necessary one go through some certain training for a certain period of time before getting fully involved in trading

Therefore learn from investors, do research, read magazines, and study the risks and profits in it before investing to avoid losses.

[GIF-JOBS]

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.

That's right, if we cannot gain knowledge about trading through reliable and accurate information, then we are more likely to fail in trading. Because if we learn wrongly, we will also make mistakes in our research and strategy application and these mistakes will ultimately lead us to losses, so we must learn from reliable sources in learning trading, we must study the market and learn to use effective strategies at the right time, the strategy that is effective today will not work the same tomorrow or after some time, so we cannot survive in trading in the long term by just memorizing a specific method, we have to learn trading in the real sense, only then can we achieve something good.

[Jubilee58]

Trading carries inherent risk, and it is possible for a trader to loose all his or her money, more especially when the trader is lacking the required skill to scale through.
Not all traders are successful, and this is the more reason as a trader, you need to equip yourself with all necessary knowledge for you to be able to trade without loosing your money entirely.
All traders makes losses, no matter how skillful you might be, but the key point is that , if you are a skillful trader, your profit will surely surpass your losses.
Making profit from trading without being properly guided with the required skills is difficult, you must understand how to make use of the trading tools, also know the right time to opt in, and to exit the market. Furthermore, you should properly know how to manage risk , and avoid greed. These are some of the ways you can actually make profit as a trader.

[Jostern]

I’m not a fan of trading, as good as you can be I don’t think you can be absolutely perfect with trading, because trading is like gambling you can’t just predict what is going to happen immediately, it’s more like you’re taking a risk, and I don’t ever think anyone can tell me that they’re perfect with trading, when you’re successful with trading I think it’s just all luck, because you can’t only get lucky with trading, doesn’t me that you’re absolutely perfect with trading even when you feel you have all the knowledge and understanding about trading.

[Yablee0]

The last time I checked trading discussion has his own personal thread of which anything trading related should be channel there. However, our local board is where mostly our newbies visit at their very initial stage to get nurtured and get informations that will help them build up to standard, so bringing trading discussion here is not that cool to me because it may start misleading newbies and will more likely make them focus more on trading related instead of investing and concentrating more on a long term investment plan.  Note, I'm not saying trading is bad, it's your personal decisions but let think about the newbies that are just starting, they might deviate from the real deal which is investing and start focusing more on trading.

[Big Dirams]

I’m not a fan of trading, as good as you can be I don’t think you can be absolutely perfect with trading, because trading is like gambling you can’t just predict what is going to happen immediately, it’s more like you’re taking a risk, and I don’t ever think anyone can tell me that they’re perfect with trading, when you’re successful with trading I think it’s just all luck, because you can’t only get lucky with trading, doesn’t me that you’re absolutely perfect with trading even when you feel you have all the knowledge and understanding about trading.

You are getting the process wrong here man, many do see trading as gambling but trading is far more than gambling they might have some similarities but both are different. You can say a trader is lucky when he or she make few successful entries but when a trader makes frequent profitable entries then such trader isn’t on luck but his or her knowledge, experience are quite paying off so not all trader are luck reliable.
There are professional trader and successful trader that are making profits from trading and they are well experienced and knowledgeable so the more your knowledge is versatile and experienced then your possibilities of making profits are high not like gambling where your knowledge plays little role here in trading knowledge is the key.

[sotelorene]

I’m not a fan of trading, as good as you can be I don’t think you can be absolutely perfect with trading, because trading is like gambling you can’t just predict what is going to happen immediately, it’s more like you’re taking a risk, and I don’t ever think anyone can tell me that they’re perfect with trading, when you’re successful with trading I think it’s just all luck, because you can’t only get lucky with trading, doesn’t me that you’re absolutely perfect with trading even when you feel you have all the knowledge and understanding about trading.

You are partially correct because there is a slight difference between trading and gambling though they both involve risk which means you can either lose or win ( make profit) but one of the difference I want to point out is that, in trading you can actually determine how much you want or wish to lose in a particular trade that is the stop loss, you will tell the market to cut you out whenever the price get to that point but in gambling you don't have the advantage unless maybe there is a cash out which doesn't show all the time.

[Somto9Light]

You are partially correct because there is a slight difference between trading and gambling though they both involve risk which means you can either lose or win ( make profit) but one of the difference I want to point out is that, in trading you can actually determine how much you want or wish to lose in a particular trade that is the stop loss, you will tell the market to cut you out whenever the price get to that point but in gambling you don't have the advantage unless maybe there is a cash out which doesn't show all the time.

You are right, both gambling and trading have slight difference, but when you checked it very well and understand the concepts of it, you will get to understand them better and as you said, in gambling there is nothing like decision making and whatever it gives you, you don't have a choice than to just receive it like that but in trading there is no such thing like that, as you got a choice to make despite the market can't be control by any one. That its to say that in gambling, one totally depends on luck but in trading, its all about strategy and skills.

[Ever-young]

I’m not a fan of trading, as good as you can be I don’t think you can be absolutely perfect with trading, because trading is like gambling you can’t just predict what is going to happen immediately, it’s more like you’re taking a risk, and I don’t ever think anyone can tell me that they’re perfect with trading, when you’re successful with trading I think it’s just all luck, because you can’t only get lucky with trading, doesn’t me that you’re absolutely perfect with trading even when you feel you have all the knowledge and understanding about trading.

Trading needs to be study on and understand the market and how its being operated before one can put in money in it and also no matter how good one may, one can't be perfect in trading, as the market keep changing and the more it changes, the more experience one gets and this experiences its what will help one to gain from trading, but its not luck. Although, you might be right but not entirely as one may need to plan very well, that is to know the things that needs to know before they start to trade and since one can't know it all, but with the experience one can learning new skills for their growth.

[osasshem]

Even if luck sometimes can help the person.

The moment anyone takes luck as a tool for trading, such person is not far from crumbling his/her trading capital. Trading is way more than luck, except you want to look at it as a form of gambling, which is not in anyway the same. Trading requires time, patience and discipline, whereas knowledge is the fundamental tool that governs trading. Decision making while viewing the market chart is not as easy as we see from different videos on YouTube. Professional trading is not really for everybody, but everyone is allowed to trade.

[GIF-JOBS]

I’m not a fan of trading, as good as you can be I don’t think you can be absolutely perfect with trading, because trading is like gambling you can’t just predict what is going to happen immediately, it’s more like you’re taking a risk, and I don’t ever think anyone can tell me that they’re perfect with trading, when you’re successful with trading I think it’s just all luck, because you can’t only get lucky with trading, doesn’t me that you’re absolutely perfect with trading even when you feel you have all the knowledge and understanding about trading.

You are partially correct because there is a slight difference between trading and gambling though they both involve risk which means you can either lose or win ( make profit) but one of the difference I want to point out is that, in trading you can actually determine how much you want or wish to lose in a particular trade that is the stop loss, you will tell the market to cut you out whenever the price get to that point but in gambling you don't have the advantage unless maybe there is a cash out which doesn't show all the time.

And this is why trading can never be compared to gambling, but one thing is true that if you trade without knowledge, then it becomes like gambling. In trading, we have the opportunity to research, we have the opportunity to increase the chances of success by using the right strategy, for all these reasons, trading never depends on complete luck like gambling. But we have to learn to manage them properly. We have to know how to research the market, we have to understand when to use which strategy. We have to trade by understanding everything well, only then will it be different from gambling.