Learn and understand before trading.

[liasbaa]

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.

Anybody that is a trader and hoping to be lucky before becoming profitable can be seen as waste of time.
Trading is not gambling so we don't have to depend on it much to be profitable. There are people that are losing money to trading even when they have the skill and understand how to predict the market accurately. You can not get lucky when you are trading and it's better to stick to good strategy so that it can help to bring profit even if it's gonna be gradually.

Trading cannot be compared to gambling but one thing you can compare is the risk involved. Smart and experienced traders are making profits from trading but you need to invest for the long term to get there. If you trade only for profit, it will mark you as wrong. Nothing is sustainable if you make a lot of profit in a short period of time.

Interestingly there is another similarity between trading and gambling which is in the area of ​​speculation. You cannot predict future prices exactly as you can in gambling. To win in gambling, you need to be lucky and also have experience, especially in sports betting and team analysis skills. Skill and experience are very important in trading because you have to take risks just like in gambling. To reduce risk in trading adopt fund management and trade with discipline.

[Thomas scholes]

Every art of mastery requires practice. Success isn't achieved overnight in craft or in skills, so all in trading. Learning from top traders gives vast knowledge on what you are about to begin, Understand how trading works helps you minimize loss and increase profits. If you want to be a successful trader, you must learn and understand how trading works.. Some things to understand will trading is
1. High risk determines Higher profits and low risk determines lower profits, but understand risk management.
2. Profits and losses are part of learning
3. Don't predict the market because you have lost so much and you want to recover your losses.
4. Study the market consistently and learn more about market patterns

Don't rush into trading, learn till when it turns to earn.

[Y3shot]

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.

When it comes to trading, anybody can enter the market as long as they are willing to learn. It is impossible to be perfect in trading because the market is unpredictable, but this doesn't mean people don't succeed in trading. People still make good profits from trading because they have chosen to pursue knowledge, and this is what brings good results in trading. Trading can be risky and unpredictable, but it is totally different from gambling. You can still make a profit from trading irrespective of how unpredictable the market is, but in gambling, it totally depends on luck, which you can never predict.

[Rockson1]

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.

Such friend is just after the money by all means, there many people like that although I don't like talking much about trading but I have listened to some people talk about trading and it seems to that patience is also needed in trading and that is what many of those money mongers needs to know.
I think this also has to tell us that there is no easy way of making money, there concept in everything and such concept has to be followed for those that are interested in such field, trading has skills as I we have been hearing, so why won't some that want to be part of traidng learn the skills, and be patient to know when to go in and when to get off.

[ASloveapg]

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.

When it comes to trading, anybody can enter the market as long as they are willing to learn. It is impossible to be perfect in trading because the market is unpredictable, but this doesn't mean people don't succeed in trading. People still make good profits from trading because they have chosen to pursue knowledge, and this is what brings good results in trading. Trading can be risky and unpredictable, but it is totally different from gambling. You can still make a profit from trading irrespective of how unpredictable the market is, but in gambling, it totally depends on luck, which you can never predict.

Yes, even though there is uncertainty, in trading we can use our skills to reduce the risk of our trades through research and bring good possibilities, but in this case there is nothing like gambling, there the whole thing depends on luck. So instead of comparing trading with gambling, you have to learn to trade properly, you have to develop yourself skillfully, and by learning trading with patience for a long time, you have to acquire skills in trading, in this way, at some point you will be able to trade with much more positive possibilities in trading where the possibilities will be in your favor.

[Dzwaafu11]

As much as possible, try to avoid trading because it is not everyone that ought to trade. Trading involves a lot of things, not just the ability to read charts or fundamentals, trading is an embodiment of the individual character and it measures the level of patience, greed amd even endurance of the trader. If the psychological aspect of trading is not fixed, irrespective of the level of understanding of the trader, he is doom to fail.

Sure. Trading no be for everybody na why you go see say some people start am but theyater run leave am, because no be ibly understaing of the chat be trading, you gats be emptionally stable you no go de put too mych eye for wetin another person don get for him own trading, because una strategy fit no be the same. But some trader no they reason am like that and na so e be, you gats know many things apart from just reading the chat.

[Crypto_Timothy]

My gee, learning and understanding is something everyone should do before investing into any idea or business. It is too often we see people jump into opportunities because of hype or because they heard one success story like that without taking the time to understand the risks involved in it, like a little research can save someone from making costly mistakes that could have been avoided.

So yea the same principle applies everywhere because every investment in this life comes with its own risks and rewards and but then the people who tend to do better in the long run are usually those who take time to study, ask questions and then a make informed decisions rather than relying solely on luck or the experiences of others.

[Queen uloma]

My gee, learning and understanding is something everyone should do before investing into any idea or business. It is too often we see people jump into opportunities because of hype or because they heard one success story like that without taking the time to understand the risks involved in it, like a little research can save someone from making costly mistakes that could have been avoided.

So yea the same principle applies everywhere because every investment in this life comes with its own risks and rewards and but then the people who tend to do better in the long run are usually those who take time to study, ask questions and then a make informed decisions rather than relying solely on luck or the experiences of others.

You’re right, knowledge can’t remove all risks but It can help someone avoid unnecessary mistakes. Many people today focus mainly on how much they will gain but they don’t like spending time to understand what can make them lose. Before investing your money on something, it’s best to understand how it works, the risk involve, and if it align with your goals. Luck can help in short term but discipline and knowledge help in longterm success.

[Mr Reporter]

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.

Such friend is just after the money by all means, there many people like that although I don't like talking much about trading but I have listened to some people talk about trading and it seems to that patience is also needed in trading and that is what many of those money mongers needs to know.
I think this also has to tell us that there is no easy way of making money, there concept in everything and such concept has to be followed for those that are interested in such field, trading has skills as I we have been hearing, so why won't some that want to be part of traidng learn the skills, and be patient to know when to go in and when to get off.

Well life has not hit him hard to some extent when he loss like 5x more trades i think he head go come back…well I see a very big difference from someone that have gone through process of learning, and that one thing we all should have an understanding on people nowadays just want to make money on a soft life without paying the price….but in this life the fast you know this the faster it will work for you…

Well people want to enjoy and forget the part of paying the price to learn and understand very part of the trade..

[Fiasem20]

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.

This is where an individual needs to acquire an in-depth knowledge before putting what they’ve learnt into practice.So I wonder when people consider learning about bitcoin before investing when you just start with the superficial knowledge they already have,trading is what requires more learning and understanding before doing the needful.Trading is beyond guessing and reading price chart,and being an expert in trading doesn’t mean you won’t sustain losses.Just as you’ve said trading requires patience,patience in the sense that you need to take out your time and patiently learn about trading strategies before you’ll become a bit perfect.

[Livingleged]

This is where an individual needs to acquire an in-depth knowledge before putting what they’ve learnt into practice.So I wonder when people consider learning about bitcoin before investing when you just start with the superficial knowledge they already have,trading is what requires more learning and understanding before doing the needful.Trading is beyond guessing and reading price chart,and being an expert in trading doesn’t mean you won’t sustain losses.Just as you’ve said trading requires patience,patience in the sense that you need to take out your time and patiently learn about trading strategies before you’ll become a bit perfect.

Absolutely  true some people  may think trading  bitcoin  is a form of investment  but it's not why  trading  is done on a higher  risk  and investment  most time are low risk, and of course  the trading  aspect  requires  a lot of study  before you could get to under the market  structure  and possibly  predict  the next move there buy capitalize  on the move to make some good profit  while trading, but investment  is just  buying  and holding  which doesn't  really  require  serious  learning  all it does  require  is patience  and consistency  and it will definitely  pay in ten folds. Trading  is more strategic  and dangerous  game to play while investment  looks more safer.

[PhilosopherKing]

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.

Trading ain't the same thing with investment and it would be so dumb for traders to want to learn from investor. 

In investment, person can start with basic knowledge and from there begin to learn more along the way. But that is different from the way trading is done. In trading before you start any trade is placed, the person have to first of all learn all about trading. Trading is technical and it has plenty risk than nvestment for. And a small mistake in trading can lead to a very heavy loss within a short period

[LOVER BOY 422]

You are very correct, many folks embark in trading having it in their minds that is for quick way to make money, only to notice that the market can be very unforgiving.knowledge, proper risk management, emotional discipline, and continues learning skills are what divided successful traders from those who lose their capital. Starting with a demo portfolio and taking time to understand market behavior is a much smarter approach than relying on luck .in trading, preserving capital is just as important as making a good profits.

[cxtreenal]

You should be engaged in long-term Bitcoin investment without practicing trading so that at least in the future you do not have to regret losing a large capital. Avoid the risky activity called short term trading because initially invest long term to learn trading. Invest in long term Bitcoin using DCA method and be disciplined and patient in fund management for the long term through discretionary income. Trading is risky but accumulation Bitcoin for the long term is relatively less risky although if you can do multiple cycles of regular DCA you can accumulate decent holdings and expect high returns.

If you are afraid of losing everything then avoid the risky activity called trading and accumulate Bitcoin for the long term. At least you are not gambling and are accumulating Bitcoin for the long term and with patience and discipline you can regularly buying in the market regardless of the price.

[iBaba]

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.

One of the biggest misconceptions about trading is that making money is simply a matter of predicting whether the market will go up or down. But in reality many people can predict that the direction correctly and still lose money because they lack proper risk management and discipline.

I have seen people enter trades based on tips from social media only to panic when the market moves against them and a single bad trade may not destroy an account, but a pattern of poor decisions often does. That is why knowledge and experience matters more before risking real money, it makes sense to learn the basics, practice and develop a strategy for your self. Trading is not a shortcut to wealth. It is a skill that requires continuous learning and ability to manage risk effectively with patience.

[Sticky Bomb]

Every art of mastery requires practice. Success isn't achieved overnight in craft or in skills, so all in trading. Learning from top traders gives vast knowledge on what you are about to begin, Understand how trading works helps you minimize loss and increase profits. If you want to be a successful trader, you must learn and understand how trading works.. Some things to understand will trading is
1. High risk determines Higher profits and low risk determines lower profits, but understand risk management.
2. Profits and losses are part of learning
3. Don't predict the market because you have lost so much and you want to recover your losses.
4. Study the market consistently and learn more about market patterns

Don't rush into trading, learn till when it turns to earn.

I always beg to digress, you cannot learn trading entirely on your own, it's almost not possible, unless you want to spend a very long time learning and you might not still understand how to get better chances at being profitable in trading. It's always best to get a good coach and when I mean a good one, I mean someone who has a clear record of profiting from trading and study under him. That's when you stand a chance to learn the art and correct concept to placing good trades to get profits, and mind you, for such arrangements, the tuition fees are high, but rewarding on the long-run.

[SPIDERMAN008]

You are very correct, many folks embark in trading having it in their minds that is for quick way to make money, only to notice that the market can be very unforgiving.knowledge, proper risk management, emotional discipline, and continues learning skills are what divided successful traders from those who lose their capital. Starting with a demo portfolio and taking time to understand market behavior is a much smarter approach than relying on luck .in trading, preserving capital is just as important as making a good profits.

No matter what you say, I don't actually support any kind of trading. Because it causes more economic losses to people. The negative impact of any kind of online trading in the short term is much greater.  In all these cases, I think it would be a better decision to invest in long-term Bitcoin holdings instead of spending money to other . If you trade in sector where there is a possibility of scams, your discipline is not of much create positive impact .

[Achalugo BTC]

No matter what you say, I don't actually support any kind of trading. Because it causes more economic losses to people. The negative impact of any kind of online trading in the short term is much greater.  In all these cases, I think it would be a better decision to invest in long-term Bitcoin holdings instead of spending money to other . If you trade in sector where there is a possibility of scams, your discipline is not of much create positive impact .

You are right, but you need to understand that not everyone can be able to invest in Bitcoin, some people don't want to involve themselves its because Bitcoin doesn't really guaranteed one quick profit, that's why some people often prefer to trade to investing despite its unpredictable for one to really tell how the market moves. And, the only people should know its that, its important for one to decide and do what its best or suits them more for their own good.

[laijsica]

If you give so many recommendations to a new investor, they will be confused. You should advise them that trading is the right decision for you if you have the necessary financial capacity to deal with the risk. I personally would not advise a new investor to trade for the short term, I would tell them to start with Bitcoin for the long term. I would also advise them to accumulate Bitcoin regularly and use the DCA method.

I will not advise you to learn about trading separately because when you develop a habit of investing in Bitcoin for the long term and analysis the market, you will be able to decide what is right for you.

Avoid throwing yourself into a risky situation called trading because there is a temptation to get rich in a short time on this platform which is not realistic but creates huge financial risks because the market is volatile and no one can accurately predict the future price. Develop a habit of investing in Bitcoin for the long term and use discretionary income to do so with the DCA method.

[Out of mind]

First you need to know the basics about trading, then you need to trade, most new people do not pay much attention to all these things, so they are at risk. First you need to learn about trading and then you need to start trading with small capital, you need to limit the risk in each trade, control your emotions and keep a good plan. There are many people who plan to get rich quick by trading, they face challenges and lose money. In trading, you should never work randomly, but analyze everything and then trade with experience. If you do not know how to acquire trading education first, then trading later is risky and you can lose money at any moment, so it is important to learn first. When you have complete knowledge about trading, you will definitely not be in the era of losing money, moreover, controlling yourself is the most important thing.