Topic: Do we really know how to trade? - page 3. (Read 774 times)
For me to be honest I don't really know what are the proper ways to trade but I do know hwo to trade like buy and selling only with no strategy or anything lol😂 when some tokens are accidentally fallen to my wallet I immediately convert it into BTC don't care about the ups and downs just the money at that moment lol practical living lol.
I really don't know much about the whole technicals of trading but I still manage to make it work. Because most of the time, I am a in long term hold. As long as I can buy it low and then sell it high then I'm satisfied with that. Making those cups, head and shoulder patterns and etc are not worth it for those shitcoins.
Although it is a major problem, psychology is something that can still be controlled, at least on our side, because it will be impossible to control the market side.
Is that so? Try to put your money where your mouth is, and you'll see how much control you have once the market is tanking again. You'll see that you have no control at all, especially when you either used credit or over-invested.Even the most professional traders don't claim to have that level of control, which is why most of them use bots instead of staring at screens all day trading manually. It's clear that people haven't had much prior experience with markets.
People here seem to overestimate themselves, but severely underestimate the irrational nature of this market. This is how people end up losing their savings after a myriad of wrong trades and investments.
If you want to engage in cryptocurrency, of course you need to learn how to trade since you cannot buy and sell to earn profit if you don't know how to trade. I don't think being passive will bring you to somewhere in this competitive nature of cryptocurrency.
It really make no sense anymore if we don't even know even the basic way of trading. Even we do just participating bounties and received their tokens still we need to trade it into BTC or ETH to make it used in the market and that's make basic learning in trading is very important. 
If you want to engage in cryptocurrency, of course you need to learn how to trade since you cannot buy and sell to earn profit if you don't know how to trade. I don't think being passive will bring you to somewhere in this competitive nature of cryptocurrency.
Indeed when we look at the prices, it is obvious that we do not know how to trade as a whole. Also psychology is the leading problem, which the majority is unable to know the right and wrong time. Moreover the current adoption is also a topic that can be helpful as time goes by.
Although it is a major problem, psychology is something that can still be controlled, at least on our side, because it will be impossible to control the market side. And I think adoption will only last a while. Not a good decision to take it all the time
Indeed when we look at the prices, it is obvious that we do not know how to trade as a whole. Also psychology is the leading problem, which the majority is unable to know the right and wrong time. Moreover the current adoption is also a topic that can be helpful as time goes by.
Although it is a major problem, psychology is something that can still be controlled, at least on our side, because it will be impossible to control the market side. And I think adoption will only last a while. Not a good decision to take it all the time
In trading we also need to keep on update the market condition and the newest news, I agree that to become a successful traders we need to do a depth research, we need knowledge, experience and strategy to become a good trader, and we also need to prepare mentally, because not every time the result we expect could become true, by keep on learning and accumulate experience we could become a better trader
This crypto market is very volatile and very unpredictable, even if people have a lot of knowledge and have done a lot of research, they still risk losing money in this market. something that people sleep when the price is X and when the person wakes up the price increased a lot or fell a lot, it becomes very difficult to predict
look at the whole crypto community and see that nobody is able to hit the price forecasts and this happens because it is a very volatile market and very difficult to predict
Indeed when we look at the prices, it is obvious that we do not know how to trade as a whole. Also psychology is the leading problem, which the majority is unable to know the right and wrong time. Moreover the current adoption is also a topic that can be helpful as time goes by.
look at the whole crypto community and see that nobody is able to hit the price forecasts and this happens because it is a very volatile market and very difficult to predict
Indeed when we look at the prices, it is obvious that we do not know how to trade as a whole. Also psychology is the leading problem, which the majority is unable to know the right and wrong time. Moreover the current adoption is also a topic that can be helpful as time goes by.
article originally from FMZ.COM
Investors should follow golden mean, avoiding willfulness, and they need to cultivate a quality, to fear the market, which involves whether we really understand the market characteristics, and truly understand the meaning of financial transactions.
1
Insist on in-depth research
“Learn about the economic situation, understand the business rules, and wait for market opportunities;” These sentences are intended to express the theoretical background and business practices of investors, as well as the trading principles followed. As a fundamental investor, you must have considerable economic knowledge and business thinking skills. Investment needs business logic, also needs to adapt to the characteristics of the financial market, pay attention to the market rhythm, and wait patiently for market opportunities.
2
Emphasize the security of the principal
"Respond to changes in the market, weigh profit and loss, strictly control risk." This is intended to emphasize the requirements of the transaction on the state of mind and experience. Getting market changes should not only on the big trend, but also needs to deal with the fluctuations, maintain the market sensitivity, and balance the profit and loss. Financial markets don’t approve advance rashly, survival is the first, and making money is second. A sound security strategy must be built. The financial factors of the market, such as the herd effect, the hot money, the emotional chasing, once a market trend is formed, it will not end in a day or two. As the theory of reflexivity described by Soros, the market will repeatedly strengthen itself. After entering the market, if the direction is right, the profit should be taking as far as possible; if the reverse is fluctuating, it is necessary to stop the loss. Although the fundamentals are already reasonable, it doesn’t mean the time to trade has arrived.
3
Appropriate expectation of income
“Humanity prefer to be optimistic, and the market is chaotic, treat expectations of income rationally;” This one is intended to warn of overcoming optimism in fund management and risk control, especially to be alert to the situation that obsessed with so-called opportunities resulting in too big amount of funds and entering the market too early. Because of human subjective stubbornness and thinking inertia, it is easy to think paralyzed and to be blindly optimistic. The market is complex and changes are instantaneous, so the amount of funds should be small, the position should be short, and the exit should be fat when it’s supposed to be. Amplifying psychological expectations, pursuing huge profits, and unwilling to eat small losses often lead to big losses. Don’t be passively beat and be controlled by others, if you ain’t feel right, run immediately and reduce the loss of principal in time. There is a chance behind only when you live.
4
Enhance investment skills
"Doing business is like fighting a battle." This one is intended to describe the market as a battlefield. A professional investor is a businessman, just like a battlefield commander. Traders need to have comprehensive quality and excellent character, and they must establish a cautious war mentality, be flexible and understand the responsibility. Compared with the business process of the entity business, the futures are highly compressed in time. Although the market price must return to commercial value, the process is full of twists and changes, and may face huge changes of profits and losses in an instant. Therefore, futures need to pay attention to a kind of array method according to a routine, and it cannot be chaotic and gambled unruly. The use of funds must be based on safety, making early plans in the risk control, make a prompt decision in case of changes, leave safely with funds. At the same time, trading requires not only caution, but also the need for courage. When the market turns, it is necessary to decisively enter the market, the so-called “others are greedy, I fear, others fear me greed.”
Setbacks are inevitably in trading, so it definitely needs learning and improving from them.
article originally from FMZ.COM
the good points that you have been mentioned in your article will very useful for me to learn some more things about what is trading and how to trade properly but still lots of people need your guidance to improve their trading knowledge I think it will definitely useful for them. Investors should follow golden mean, avoiding willfulness, and they need to cultivate a quality, to fear the market, which involves whether we really understand the market characteristics, and truly understand the meaning of financial transactions.
1
Insist on in-depth research
“Learn about the economic situation, understand the business rules, and wait for market opportunities;” These sentences are intended to express the theoretical background and business practices of investors, as well as the trading principles followed. As a fundamental investor, you must have considerable economic knowledge and business thinking skills. Investment needs business logic, also needs to adapt to the characteristics of the financial market, pay attention to the market rhythm, and wait patiently for market opportunities.
2
Emphasize the security of the principal
"Respond to changes in the market, weigh profit and loss, strictly control risk." This is intended to emphasize the requirements of the transaction on the state of mind and experience. Getting market changes should not only on the big trend, but also needs to deal with the fluctuations, maintain the market sensitivity, and balance the profit and loss. Financial markets don’t approve advance rashly, survival is the first, and making money is second. A sound security strategy must be built. The financial factors of the market, such as the herd effect, the hot money, the emotional chasing, once a market trend is formed, it will not end in a day or two. As the theory of reflexivity described by Soros, the market will repeatedly strengthen itself. After entering the market, if the direction is right, the profit should be taking as far as possible; if the reverse is fluctuating, it is necessary to stop the loss. Although the fundamentals are already reasonable, it doesn’t mean the time to trade has arrived.
3
Appropriate expectation of income
“Humanity prefer to be optimistic, and the market is chaotic, treat expectations of income rationally;” This one is intended to warn of overcoming optimism in fund management and risk control, especially to be alert to the situation that obsessed with so-called opportunities resulting in too big amount of funds and entering the market too early. Because of human subjective stubbornness and thinking inertia, it is easy to think paralyzed and to be blindly optimistic. The market is complex and changes are instantaneous, so the amount of funds should be small, the position should be short, and the exit should be fat when it’s supposed to be. Amplifying psychological expectations, pursuing huge profits, and unwilling to eat small losses often lead to big losses. Don’t be passively beat and be controlled by others, if you ain’t feel right, run immediately and reduce the loss of principal in time. There is a chance behind only when you live.
4
Enhance investment skills
"Doing business is like fighting a battle." This one is intended to describe the market as a battlefield. A professional investor is a businessman, just like a battlefield commander. Traders need to have comprehensive quality and excellent character, and they must establish a cautious war mentality, be flexible and understand the responsibility. Compared with the business process of the entity business, the futures are highly compressed in time. Although the market price must return to commercial value, the process is full of twists and changes, and may face huge changes of profits and losses in an instant. Therefore, futures need to pay attention to a kind of array method according to a routine, and it cannot be chaotic and gambled unruly. The use of funds must be based on safety, making early plans in the risk control, make a prompt decision in case of changes, leave safely with funds. At the same time, trading requires not only caution, but also the need for courage. When the market turns, it is necessary to decisively enter the market, the so-called “others are greedy, I fear, others fear me greed.”
Setbacks are inevitably in trading, so it definitely needs learning and improving from them.
article originally from FMZ.COM
Many of us will thinking we know all about cryptocurrency trading but it is not like that cryptocurrency trading or like a version we are in just a part of it and we don't fully know about what is going on here but keeping us for the current situation updated will be more important and trading techniques are improved each and every time so the strategies are also be useful funny trailer to get more updated.
glad you like it , thanks a lot!
article originally from FMZ.COM
Investors should follow golden mean, avoiding willfulness, and they need to cultivate a quality, to fear the market, which involves whether we really understand the market characteristics, and truly understand the meaning of financial transactions.
1
Insist on in-depth research
“Learn about the economic situation, understand the business rules, and wait for market opportunities;” These sentences are intended to express the theoretical background and business practices of investors, as well as the trading principles followed. As a fundamental investor, you must have considerable economic knowledge and business thinking skills. Investment needs business logic, also needs to adapt to the characteristics of the financial market, pay attention to the market rhythm, and wait patiently for market opportunities.
2
Emphasize the security of the principal
"Respond to changes in the market, weigh profit and loss, strictly control risk." This is intended to emphasize the requirements of the transaction on the state of mind and experience. Getting market changes should not only on the big trend, but also needs to deal with the fluctuations, maintain the market sensitivity, and balance the profit and loss. Financial markets don’t approve advance rashly, survival is the first, and making money is second. A sound security strategy must be built. The financial factors of the market, such as the herd effect, the hot money, the emotional chasing, once a market trend is formed, it will not end in a day or two. As the theory of reflexivity described by Soros, the market will repeatedly strengthen itself. After entering the market, if the direction is right, the profit should be taking as far as possible; if the reverse is fluctuating, it is necessary to stop the loss. Although the fundamentals are already reasonable, it doesn’t mean the time to trade has arrived.
3
Appropriate expectation of income
“Humanity prefer to be optimistic, and the market is chaotic, treat expectations of income rationally;” This one is intended to warn of overcoming optimism in fund management and risk control, especially to be alert to the situation that obsessed with so-called opportunities resulting in too big amount of funds and entering the market too early. Because of human subjective stubbornness and thinking inertia, it is easy to think paralyzed and to be blindly optimistic. The market is complex and changes are instantaneous, so the amount of funds should be small, the position should be short, and the exit should be fat when it’s supposed to be. Amplifying psychological expectations, pursuing huge profits, and unwilling to eat small losses often lead to big losses. Don’t be passively beat and be controlled by others, if you ain’t feel right, run immediately and reduce the loss of principal in time. There is a chance behind only when you live.
4
Enhance investment skills
"Doing business is like fighting a battle." This one is intended to describe the market as a battlefield. A professional investor is a businessman, just like a battlefield commander. Traders need to have comprehensive quality and excellent character, and they must establish a cautious war mentality, be flexible and understand the responsibility. Compared with the business process of the entity business, the futures are highly compressed in time. Although the market price must return to commercial value, the process is full of twists and changes, and may face huge changes of profits and losses in an instant. Therefore, futures need to pay attention to a kind of array method according to a routine, and it cannot be chaotic and gambled unruly. The use of funds must be based on safety, making early plans in the risk control, make a prompt decision in case of changes, leave safely with funds. At the same time, trading requires not only caution, but also the need for courage. When the market turns, it is necessary to decisively enter the market, the so-called “others are greedy, I fear, others fear me greed.”
Setbacks are inevitably in trading, so it definitely needs learning and improving from them.
article originally from FMZ.COM
this article will really helpful for me to understand much more about trading because you lots of people like me what's doing trading every time but don't know the real strategy and how to do trading properly it is the most important thing that everyone should learn and teach all the other people also. Investors should follow golden mean, avoiding willfulness, and they need to cultivate a quality, to fear the market, which involves whether we really understand the market characteristics, and truly understand the meaning of financial transactions.
1
Insist on in-depth research
“Learn about the economic situation, understand the business rules, and wait for market opportunities;” These sentences are intended to express the theoretical background and business practices of investors, as well as the trading principles followed. As a fundamental investor, you must have considerable economic knowledge and business thinking skills. Investment needs business logic, also needs to adapt to the characteristics of the financial market, pay attention to the market rhythm, and wait patiently for market opportunities.
2
Emphasize the security of the principal
"Respond to changes in the market, weigh profit and loss, strictly control risk." This is intended to emphasize the requirements of the transaction on the state of mind and experience. Getting market changes should not only on the big trend, but also needs to deal with the fluctuations, maintain the market sensitivity, and balance the profit and loss. Financial markets don’t approve advance rashly, survival is the first, and making money is second. A sound security strategy must be built. The financial factors of the market, such as the herd effect, the hot money, the emotional chasing, once a market trend is formed, it will not end in a day or two. As the theory of reflexivity described by Soros, the market will repeatedly strengthen itself. After entering the market, if the direction is right, the profit should be taking as far as possible; if the reverse is fluctuating, it is necessary to stop the loss. Although the fundamentals are already reasonable, it doesn’t mean the time to trade has arrived.
3
Appropriate expectation of income
“Humanity prefer to be optimistic, and the market is chaotic, treat expectations of income rationally;” This one is intended to warn of overcoming optimism in fund management and risk control, especially to be alert to the situation that obsessed with so-called opportunities resulting in too big amount of funds and entering the market too early. Because of human subjective stubbornness and thinking inertia, it is easy to think paralyzed and to be blindly optimistic. The market is complex and changes are instantaneous, so the amount of funds should be small, the position should be short, and the exit should be fat when it’s supposed to be. Amplifying psychological expectations, pursuing huge profits, and unwilling to eat small losses often lead to big losses. Don’t be passively beat and be controlled by others, if you ain’t feel right, run immediately and reduce the loss of principal in time. There is a chance behind only when you live.
4
Enhance investment skills
"Doing business is like fighting a battle." This one is intended to describe the market as a battlefield. A professional investor is a businessman, just like a battlefield commander. Traders need to have comprehensive quality and excellent character, and they must establish a cautious war mentality, be flexible and understand the responsibility. Compared with the business process of the entity business, the futures are highly compressed in time. Although the market price must return to commercial value, the process is full of twists and changes, and may face huge changes of profits and losses in an instant. Therefore, futures need to pay attention to a kind of array method according to a routine, and it cannot be chaotic and gambled unruly. The use of funds must be based on safety, making early plans in the risk control, make a prompt decision in case of changes, leave safely with funds. At the same time, trading requires not only caution, but also the need for courage. When the market turns, it is necessary to decisively enter the market, the so-called “others are greedy, I fear, others fear me greed.”
Setbacks are inevitably in trading, so it definitely needs learning and improving from them.
article originally from FMZ.COM
I believe we all know how to trade but never practice and understand market works will make our strategy fails, trust me.
We all know because once we started trading that already tells us we know how to trade. However, it should be the result that will determine if we are a successful trader or not, we can read a lot of good information
that could help but theory is always different when you put it in actual practice.
We should not only based on theory, we have to make our own judgement and the longer we trade the better we understand the market
and that will help us to improve our strategy.
Theory is helpful but it's based on general experience, you have your own when you trade and you cannot write everything into a book .
Most people have a strategy for trading the main reason why most people crash down is because they tend to take to many advice and read article and follow different methods to trading you really need to have a one kinda strategy and then develop it over time no just one method kinda of thing
In trading, there isn't right or wrong.
Beside some basic rules of trading like good money management and emotionless decisions, everything else is individual. The most important in my eyes is to learn from our own mistakes and never repeat it again. Everything else is blah-blah.
Everyone has different trading style, so one strategy can be profitable for A trader and same strategy can wipe account B trader. At the end of day,only thing matters is profit and based on this argument, we can conclude this idea. Beside some basic rules of trading like good money management and emotionless decisions, everything else is individual. The most important in my eyes is to learn from our own mistakes and never repeat it again. Everything else is blah-blah.
In trading, there isn't right or wrong.
Beside some basic rules of trading like good money management and emotionless decisions, everything else is individual. The most important in my eyes is to learn from our own mistakes and never repeat it again. Everything else is blah-blah.
What you mean by no right nor wrong in trading ? There are thing which may impact positive and may count them as right thing with respect to trading and the things which are causing negative consequences may be regarded as wrong things for trading.Beside some basic rules of trading like good money management and emotionless decisions, everything else is individual. The most important in my eyes is to learn from our own mistakes and never repeat it again. Everything else is blah-blah.
Just knowing the basic rules of trading will not be enough to trade profitably, I guess OP is denoting profitable trading and even we are managing some trades with profits, OP is elaborating about consistent profit making and I guess which is not at all possible even for professional traders.
In trading, there isn't right or wrong.
Beside some basic rules of trading like good money management and emotionless decisions, everything else is individual. The most important in my eyes is to learn from our own mistakes and never repeat it again. Everything else is blah-blah.
Beside some basic rules of trading like good money management and emotionless decisions, everything else is individual. The most important in my eyes is to learn from our own mistakes and never repeat it again. Everything else is blah-blah.
I am fortunate enough that I started my career as Forex trader, so for me switching to Crypto trading was NEVER difficult at all. But of course, the biggest challenge I came across was to find out a broker that had good conditions to trade Cryptos.
It was not tough with proper research, I was able to find out VolumeFX, which offers not just Cryptos but all instruments, which eventually made me switch completely to them. They have a lot of things that I really enjoy and like, especially low spreads, over 200 instruments (including Cryptos), no slippage or re quotes, while there are often bonuses available, so all this makes you feel pretty comfortable.
It was not tough with proper research, I was able to find out VolumeFX, which offers not just Cryptos but all instruments, which eventually made me switch completely to them. They have a lot of things that I really enjoy and like, especially low spreads, over 200 instruments (including Cryptos), no slippage or re quotes, while there are often bonuses available, so all this makes you feel pretty comfortable.
Jump to: