Don't trade if you're inexperience rather stake your coins. - page 4.

gabbie2010

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Quote from: Ridwan Fauzi on September 17, 2020, 10:49:09 AM

Everything need a proccess, even I read some books the author always says that you can't get a consistent profit for two years in trading.

That has pointed out that trading is a difficult way to earn money. You need more time, money and your effort to make your trading system run properly for atleast you can minimize a risk.

All people can be a trader, getting money and even getting rich of it by doing hard work. But all people will broke if they just put buy and sell by his imagination or even other people suggestion.

A newbie in trading needs to take time a learn, there are trading stimulators, demos etc that will put a trader to test their strategy while making consistent profits before going Live a lot of inexperience traders got rekt without the required knowledge of trading. its take quite some time before making reasonable profits even with losses however a good strategy with a good risk to reward ratio will result to profit in a long run.
Trading is not just pulling trigger of buying or selling without any prior knowledge of both fundamental and technical analysis while thinking of getting easy money.

michellee

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Quote from: Lordrift on September 20, 2020, 09:39:52 PM

Quote from: Becky666 on September 16, 2020, 03:17:47 PM

Does it mean inexperience traders aren't born to trade?.

Inexperienced traders can always learn how to trade by surfing the web on guidelines on trading or I'll also suggest you look out for free signals posted https://bitcointalksearch.org/topic/m.54980714 and follow them up to help improve your trading

Reading a signal will not be a problem, but we need to know how we can analyze more from those signals to find other clues to trade. I think people who don't have much experience or trading skills can still try to trade, but they need to limit their money. While they try to trade, they can learn the other lesson to get other information useful for them to trade. I am sure if they can learn more and more every day, that can improve their trading skills, so they will be able to make a profit.

Assface16678

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There are a lot of people right now want to make more trading because they can see the potential of this as another income but the problem is it required a lot of skills base on my understanding some of them are giving so much effort just to win their trades.

Some of their techniques usually use also I do this too.

Search for the coin
Keep updated about the coin
Learn how to read the market analysis.
Learn how to make a stop loss.

But right now due to having this kind of pandemic I don't have enough source of money to make more trading.

okala

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Staking is now becoming a new way of earning coins with less risk. Trading is not for everyone and that is why I agree with op to stake. Your risk is highly reduced and you can make even more profit if what you are staking is appreciating.

Lordrift

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Quote from: Becky666 on September 16, 2020, 03:17:47 PM

Does it mean inexperience traders aren't born to trade?.

Inexperienced traders can always learn how to trade by surfing the web on guidelines on trading or I'll also suggest you look out for free signals posted https://bitcointalksearch.org/topic/m.54980714 and follow them up to help improve your trading

wiss19

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Staking is a good thing to do, but not everyone is able to have the level of patience that it takes to stake your coin every year, so I guess that’s why they will continue to choose day trading or simply trading over staking their coins for a long period of time and getting something around 6 to 12 percentage.

Another thing some people wouldn’t like about staking is that if the price the token or coin that you’re staking falls, you’re going to be at loss, you can’t control it and your per annum returns might not be enough. Although I got to know of recent that there are some platforms that allows you to be able to stop staking at anytime, and that’s cool.

Maroons

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Quote from: Bitlover10 on September 19, 2020, 06:28:54 PM

That's a best things your can do if you are new you can stake your coin and make a passive income on it. It's not a question about new trader or old trader it's for all. Because this market makes huge loss to old or experienced trader too.

Yeah and while you are staking your coins you can study trading and the things about it, well we can't really predict the movement of a certain coin whether you're a newbie in trading or an experienced trader, everyone have no idea on what will its amount be in the next few hours but with learning everything about trading you can know when and when not to buy or when to enter and when to exit

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That's a best things your can do if you are new you can stake your coin and make a passive income on it. It's not a question about new trader or old trader it's for all. Because this market makes huge loss to old or experienced trader too.

semobo

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Quote from: rexxarofmoknathal on September 19, 2020, 02:19:51 PM

Quote from: Becky666 on September 16, 2020, 03:17:47 PM

Does it mean inexperience traders aren't born to trade?.

I'm sure this is not the case at all. Before trading was a thing nobody knew how to trade. This is a learning skill that gets polished with time and experience and rather than placing the fault of our 'DNA' you should switch to the environment and the mind-frame you set yourself in. Mind is a powerful thing and negative thoughts are so pervasive that it takes practice to keep a positive mindset.

And even if you learn that you don't enjoy trading then staking won't be the alternative unless you learn about it and dedicate your time to develop that understanding.

No one know about trading when they was born but rare people got skills naturally who know how to sell something for more profits.But when it comes to crypto trading it all depends on the community member emotions which can be predicted if we know how the mind of a normal people will work on certain market conditions.And then having strategies and analytical skills will help us to get better in crypto trading but nobody is perfect here everyone commit mistakes and few people only will learn from it.

MCobian

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I agree that staking is a great option for inexperienced people. Because staking coins has proven profitable, but the profit that
we get is not as big as when we trade. So trading is still much more interested in than staking coins, even some inexperienced
traders insist on keeping trading, even though the risk is quite large. My advice to inexperienced people who want to keep trading,
you should have a lot to learn about basic knowledge and strategies regarding trading. So even if you are inexperienced, you can
still be successful when trading.

rexxarofmoknathal

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Quote from: Becky666 on September 16, 2020, 03:17:47 PM

Does it mean inexperience traders aren't born to trade?.

I'm sure this is not the case at all. Before trading was a thing nobody knew how to trade. This is a learning skill that gets polished with time and experience and rather than placing the fault of our 'DNA' you should switch to the environment and the mind-frame you set yourself in. Mind is a powerful thing and negative thoughts are so pervasive that it takes practice to keep a positive mindset.

And even if you learn that you don't enjoy trading then staking won't be the alternative unless you learn about it and dedicate your time to develop that understanding.

Nalien

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If you want to learn trading then you'll have to do trading, right and you learn from your mistakes. I suggest don't do trading with large amounts when you're just starting. Always start small then go for big when you have got enough knowledge to trade.

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Quote from: Krislaw on September 19, 2020, 01:54:15 PM

Everybody always start being inexperience in a certain field, and that's true it's hard to trade while lacking experience, knowledge and the skills that is required but it's a time and money consuming thing but even the "professional traders" commit mistakes and errors, i don't suggest to start trading right away maybe try to learn more, I've tried trading while being inexperienced and loss 50% of my profit right away, but it's okay to commit mistake because sometimes you need to learn from those mistakes.

That's the consequence behind. Trading when you are not ready is like doing gambling. Risking your investment without knowing
what's the right thing to do inside the business, most suffer to the point that they've burned the entire capital that they've used
in just once try. Don't take any move if you are not a risk taker type of investor, take time to research, learn all the process and
your journey will be more smooth along the way.

Krislaw

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Everybody always start being inexperience in a certain field, and that's true it's hard to trade while lacking experience, knowledge and the skills that is required but it's a time and money consuming thing but even the "professional traders" commit mistakes and errors, i don't suggest to start trading right away maybe try to learn more, I've tried trading while being inexperienced and loss 50% of my profit right away, but it's okay to commit mistake because sometimes you need to learn from those mistakes.

RealMalatesta

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When ETH 2.0 comes I think this could be a great advice, I don't know what will happen to ETH miners, because right now there are tons of people who mine eth and I think they are making a good amount of income as well thanks to this DeFi situation as well, when that is all gone, I don't know what the next stage is for miners, they can continue to mine other coins but they are never going to find something that is both profitable but also very trustworthy as well.

This is why for staking we are getting one of the all time greats, for anything to be better we need bitcoin to become proof of stake and I think that will never happen, which is why I believe it is crucial to be part of ETH 2.0 so that you can stake them and you would basically protect your income and wealth that way.

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Does it mean inexperience traders aren't born to trade?.

Its true that trading so tough way to earn but not much so tough that will will not be able to trade after getting vast experience on it .I think newcomer need spend much time behind trading .After getting experience he/she will enjoy the trading like you .Its always better to invest on staking who have enough funds .

Arkann

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Quote from: Traderbtcc on September 19, 2020, 06:00:03 AM

I agree with you on this one, trading requires much skills, learning and experience, and for someone who is inexperienced in the trading aspect shouldn't dare to trade at all, because they are bound to make tons of mistakes which will eventually lead to loss of capital, but staking of crypto is quite safe and profitable sometimes and some other times you might find your self on the wrong side of the road,an advice before you stake do a little research about the coin your about to stake and it seems like staking is a better option for people who don't know how to trade.

In my opinion, decisions made on the basis of news about events about a particular practice are the result of fundamental analysis. That is, I want to say that one of the main features of fundamental analysis is the monitoring of information about the cryptocurrency, with the help of which it is possible to predict the nearest prospects of the coin in the cryptocurrency market, which, together with technical analysis, gives an overall picture of what is happening on the market in the present period and for the near future. in relation to a specific cryptocurrency.

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Quote from: Traderbtcc on September 19, 2020, 06:00:03 AM

I agree with you on this one, trading requires much skills, learning and experience, and for someone who is inexperienced in the trading aspect shouldn't dare to trade at all, because they are bound to make tons of mistakes which will eventually lead to loss of capital, but staking of crypto is quite safe and profitable sometimes and some other times you might find your self on the wrong side of the road,an advice before you stake do a little research about the coin your about to stake and it seems like staking is a better option for people who don't know how to trade.

-Knowledge
-Skill
-experience

all of these things can just be acquired if we would have tried to trade and understand the risk. Trading couldn't be for everyone, everyone knows it but why a lot of people come into trading without enough knowledge? It is just because they want to understand the life of a trader and also, the can earn additional knowledge and skill base from their bad and good experience.

it all binds with try, effort, and hopes. Nothing seems impossible if we don't afraid to take the risk and accept the consequences that might happen afterward.

Traderbtcc

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I agree with you on this one, trading requires much skills, learning and experience, and for someone who is inexperienced in the trading aspect shouldn't dare to trade at all, because they are bound to make tons of mistakes which will eventually lead to loss of capital, but staking of crypto is quite safe and profitable sometimes and some other times you might find your self on the wrong side of the road,an advice before you stake do a little research about the coin your about to stake and it seems like staking is a better option for people who don't know how to trade.

danherbias07

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You might think its rather safe in staking but it could also be as bad as making an error in trading.
What if the value of the coin went down?
The market cannot be controlled and the staking process means more coins are being given away which could pull down the value of it.
It might be the easiest job with nothing to do and to think about but the problem is control.

With trading you could just push one button and stop the bleeding while in staking there is no stopping the downtrend of the market.

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