Avoid trading unless you are sure of what you do - page 4.

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Quote from: Nasty23 on March 30, 2019, 10:23:37 PM

Quote from: mrdeposit on March 30, 2019, 03:36:22 PM

Quote from: bitcoin31 on March 30, 2019, 01:36:33 PM

Trading is good opportunity for you, trading is not reaquired a lot of information you learned first before you join because you can still learn if you trading. Learning will not end it continue for sure. Don't avoid trading even you only have a little knowledge or information because you can improve it for sure.

I do not agree with you. Missing information will return more loss. Starting more knowledgeable from beginning will help him prevent from losing more money. Learning will not precisely prevent loss, but will surely help.

Yes, learning is very important in trading on which can help us to become aware on how to join in the flow of the market since we are new that could make us to minimize the risk and can help us to develop our own strategies in order to earn a huge amount of profit in trading.

That is right. Too many people, who do not understand anything in trading, start dealing with it, make mistakes and get a great disappointment. They consider that crypto is bad, and do not care about knowledge.

Palmaper

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Quote from: Coinifyx on November 07, 2018, 08:13:57 AM

Really it will become just like gambling, addictive and manipulative, it's very much like poker only if you are an expert you can accomplish something

This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop

The whole life is a bet, with the difference that the final result will be inevitable for all. That's why I love trading, because I know that if it's true that you have something to lose, it's also true that if you win, you'll win like no one and a good stroke of luck is enough to recover all your previous losses.

yvesp110

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Quote from: cryptoblue77 on March 31, 2019, 06:12:32 AM

In my opinion, analyse the market for at least a month how the market behaves before starting trading. If you enter the market without knowing much then you are taking the chance just like gambling.

Right, it is not good to start trading when you are not sure what is your plan, as there are so many ways to gain knowledge and then you can trade safely for long term, it is own experience when I bought some coin without having knowledge only because my friend asked me to buy then I end up losing my profit but after being experienced I recovered my lose and I am earning high amount of profit.

lienfaye

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Quote from: Coinifyx on November 07, 2018, 08:13:57 AM

This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop

At first its not unusual to commit mistakes if you're a newbie I think everyone does have an unfortunate experience when they are still starting and through that you will improve and become aware of the things that you should do.

But before that its important to gain knowledge on how to trade first, learn the basics. Its not hard to understand that and its a good thing that there are many tutorials available online, so there's no excuse to be naive when you trade since there's a way to learn it.

cryptoblue77

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In my opinion, analyse the market for at least a month how the market behaves before starting trading. If you enter the market without knowing much then you are taking the chance just like gambling.

Coin-Desk

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I think that too. No work should be done without a hundred percent sure. To be sure of trading. We know trading is a complex issue. To be very careful while trading. So if you do not know what to do then it is better to stay away from your trading. Because there is a mistake in trading for a lot of damages. So if you do not understand trading then you do not have to trade. Because everyone cannot do all the work. There is a lot of patience and capital to trade. If you do not have patience then there is no need to trade. If you do not understand your work, it would be better to stay away from trading.

Thank you

Mpamaegbu

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Quote from: Caladonian on March 30, 2019, 10:29:58 PM

It's better to be more ready before you go and start dealing with trading, many factors are affecting this business and it's really hard to predict if you don't have enough knowledge, there's a lots of venue where you can learn how to execute well you just needed to keep doing your best searching for good place to understand everything.

How ready do you think someone can be trading without a real practice? I don't mean demo practice like what we have in forex trading. I mean the real deal. One only gets to begin to master the game after one has blown one or two funded accounts (no matter how many years of demo trading.) So, I believe people shouldn't be scared going into trading. After all, everything we do in life comes with its own risk. Trading shouldn't be an exception.

Thanasis

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Quote from: Nifflerco on March 30, 2019, 12:08:07 PM

Quote from: Thanasis on March 30, 2019, 11:03:55 AM

You can't learn anything until you try it so it is good to try the trading since it is good way to make money in short term but its just not for everyone when you are not capable of making profits then you have to stop doing it and be a long term holder.

Agreed, day trading is surely not for everyone. When starting out, I would actually always suggest to start with longterm positions and then go on trading simulators to keep yourself busy and see how you can perform in short-term trading.

Please note, that even if you successfully perform on simulated exchange this doesn't mean that you will perform well on real exchange once real money is on the line. You can only confirm whether you are capable to recognise the pattern and make good trading call when you are not effected by your own emotion. On the other hand if you can not perform well on simulated exchange then I think there is no point even trying to do day trading on real exchange.

Its better to stsrt trading with very small money than going for simulator because the fact real money drives us different so it may give more responsibility for us to do the trades more perfect,still everything relies on luck too.

Caladonian

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Quote from: mrdeposit on March 30, 2019, 03:36:22 PM

Quote from: bitcoin31 on March 30, 2019, 01:36:33 PM

Trading is good opportunity for you, trading is not reaquired a lot of information you learned first before you join because you can still learn if you trading. Learning will not end it continue for sure. Don't avoid trading even you only have a little knowledge or information because you can improve it for sure.

I do not agree with you. Missing information will return more loss. Starting more knowledgeable from beginning will help him prevent from losing more money. Learning will not precisely prevent loss, but will surely help.

It's better to be more ready before you go and start dealing with trading, many factors are affecting this business and it's really hard to predict if you don't have enough knowledge, there's a lots of venue where you can learn how to execute well you just needed to keep doing your best searching for good place to understand everything.

Nasty23

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Quote from: mrdeposit on March 30, 2019, 03:36:22 PM

Quote from: bitcoin31 on March 30, 2019, 01:36:33 PM

Trading is good opportunity for you, trading is not reaquired a lot of information you learned first before you join because you can still learn if you trading. Learning will not end it continue for sure. Don't avoid trading even you only have a little knowledge or information because you can improve it for sure.

I do not agree with you. Missing information will return more loss. Starting more knowledgeable from beginning will help him prevent from losing more money. Learning will not precisely prevent loss, but will surely help.

Yes, learning is very important in trading on which can help us to become aware on how to join in the flow of the market since we are new that could make us to minimize the risk and can help us to develop our own strategies in order to earn a huge amount of profit in trading.

mrdeposit

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Quote from: bitcoin31 on March 30, 2019, 01:36:33 PM

Trading is good opportunity for you, trading is not reaquired a lot of information you learned first before you join because you can still learn if you trading. Learning will not end it continue for sure. Don't avoid trading even you only have a little knowledge or information because you can improve it for sure.

I do not agree with you. Missing information will return more loss. Starting more knowledgeable from beginning will help him prevent from losing more money. Learning will not precisely prevent loss, but will surely help.

bitcoin31

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Trading is good opportunity for you, trading is not reaquired a lot of information you learned first before you join because you can still learn if you trading. Learning will not end it continue for sure. Don't avoid trading even you only have a little knowledge or information because you can improve it for sure.

annango

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Quote from: emmybd on January 15, 2019, 01:43:22 PM

It is true that without getting sufficient knowledge and experience one shouldn't actively do trading, as it wouldn't be profitable, you have to suffer losses. So, at first, one should concentrate on gaining information and knowledge and then do trading.

There are many factors that we need to take it before we really start trading. But in fact, knowledge plays a key role in trading because it's the basic condition which can help you to do trading profitably. If you don't prepare a good knowledge, you are more likely to get lost. Besides, perseverance, diligence, calmness and so on are both necessary in trading. Especially, you should remember " Practice makes perfect", the more you practice the better skill you can build up. In terms of trading, don't hesitate to take risk. If you make a mistake, let learn from it. However, you should avoid making the mistake twice.

Nifflerco

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Quote from: Thanasis on March 30, 2019, 11:03:55 AM

You can't learn anything until you try it so it is good to try the trading since it is good way to make money in short term but its just not for everyone when you are not capable of making profits then you have to stop doing it and be a long term holder.

Agreed, day trading is surely not for everyone. When starting out, I would actually always suggest to start with longterm positions and then go on trading simulators to keep yourself busy and see how you can perform in short-term trading.

Please note, that even if you successfully perform on simulated exchange this doesn't mean that you will perform well on real exchange once real money is on the line. You can only confirm whether you are capable to recognise the pattern and make good trading call when you are not effected by your own emotion. On the other hand if you can not perform well on simulated exchange then I think there is no point even trying to do day trading on real exchange.

Thanasis

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You can't learn anything until you try it so it is good to try the trading since it is good way to make money in short term but its just not for everyone when you are not capable of making profits then you have to stop doing it and be a long term holder.

carlfebz2

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Quote from: Malsetid on March 29, 2019, 12:06:27 PM

Quote from: South Park on March 28, 2019, 11:14:11 PM

Quote from: RaimondRandom on March 27, 2019, 09:59:26 AM

Does anyone know at least one successful trader? friend or relative who earns money from cryptotrading? be honest

They are out there but they do not have any necessity to prove themselves to anyone else, after all if you were a successful trader would you tell everyone on the Internet how much money are you making? You will only make yourself a target for hackers and that is never a good thing, so is likely that there are many successful traders in the forum but they are not bringing attention to themselves out of fear or just because they like to keep their privacy.

Yeah there's no logic to why people would brag their successful trades unless they're with other friends who are trading as well. And with the number of traders in this market, of course there are a lot of successful ones. I can say i'm a pretty decent trader myself and i don't have to prove that to anybody.

Each trader do have different level of skills when it comes to trading and i dont see a point why you would need to prove something to anybody.As long you are profiting and do sustain with this very fierce competition
of this very trading market then you are on the good side no matter what. Avoiding or being scared would just block you to learn how to trade.It do just matter of trial and error.

binhvo1505

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right. I think this is one of the interesting things. people without knowledge in investment => investment = gambling
It is also a way to warn people who like to make money easily. to get money from everyone, it's not easy.
We should cultivate our daily knowledge so that we don't have to face big failures.

TomArayaSlaya

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Is not very addictive man but yeah is like gambling lots of your cash away i think the whole idea on cryptocurrencies trading is just seeing the market movements and then developing a pattern for yourself that will work in your favor and you gain through it

Nifflerco

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I can not stress this enough. First try with cryptocurrency trading simulator. As a co-founder of such exchange I can tell, not many of our users are successful as it's not that easy. People soon learn that it takes a lot of practice and analytic mind to be a successful trader. Why would you ever risk real money without practicing and making sure you can perform well in simulated environment.

Paper trading is of course is boring, but now we have tools for this.

One thing that you can not learn on simulator is to manage your emotions, but if you can not be successful on simulator without real money on the line, then trading is definitely not for you.

Sum24

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Quote from: traderethereum on March 29, 2019, 12:40:12 AM

Quote from: RaimondRandom on March 27, 2019, 09:59:26 AM

Does anyone know at least one successful trader? friend or relative who earns money from cryptotrading? be honest

I have a friend who trades bitcoin pair usdt, and I know that he is a success trader because he can always make a profit and he can make trading as a job which ordinary people will be difficult to do. Although he says that he does not always making a profit, at the end of the month, he always makes a withdraw at least $500-$700. That is why I called him a successful trader because he always achieves his goals every month.

You should suggest him to have patience and sell only with high profit, it is very normal if the price changes but waiting gives better result, that much profit is good but I think your friend can earn more than this he only will have to wait until he grab the opportunity and take advantage, choose the only promising coin and then make plan to trade with profit for long term.

Topic: Avoid trading unless you are sure of what you do - page 4. (Read 23276 times)