I have Good advice for investors - page 2.

darewaller

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Quote from: shawonngp on October 21, 2020, 03:53:47 PM

What you want to explain is very important to the trader or investor. One thing to keep in mind is that technical analysis alone cannot make a crypto trader successful.

Good analysis on technical aspects can actually make you successful because once you start to learn how the project works and what are the scaling options like will the coin survive in the long run and dos the mechanism of the coin good enough to sustain the value of the coin and a lot more factor are there as I am still learning.

Quote from: shawonngp on October 21, 2020, 03:53:47 PM

Technical analysis is also very much needed, but traders need to learn a lot more before jumping on the technical analysis from Ananya. This trader should be stronger with basic analysis. Only then can they be able. An investor should be sure about the currency he is going to trade. The currency should be invested only with the current news .

Who is Ananya? I haven't heard about any trader with that name so maybe you want to share some details about it? And I don't agree on "currency should be invested only with the current news" because there is so much fake and paid news being going on now it is hard to trust any of them.

Distinctin

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Quote from: Fivestar4everMVP on October 21, 2020, 10:49:31 PM

Quote from: Renampun on August 12, 2020, 02:08:52 PM

snipped~

I've lost good amount of money due to panic in the past too, but technical and fundamental analysis is still very important cus the knowledge of this two can help us avoid panic, and it can also teach us to be patient. If you have good technical and fundamental knowledge of reading charts, it will tell you when to buy and when to sell, even if the price of the coin or token starts going down after you buy, through the chart, you can know if you need to be patient (as the downturn is just temporary) or sell to avoid further loss.

There are no sweet memories when it comes to trading but most of it are disappointments, losses, failure, and etc...but we all not take this for granted instead, it makes us the inspiration to make our trade better. I love seeing individuals who still stand their feet despites of such losses and disappointment. But for those who got easily mad and leave out trading are those who can afford to take the risk and manage to change their strategies and behavior which is likely not meant for a trader.

Emitdama

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Quote from: 1GUARDIAN on October 20, 2020, 05:39:27 AM

To hope that you will be lucky in trading, provided that you have no experience in this business - this is simply stupid. Even if the first few days you will have positive results in trading, it will be only because the market for this particular currency pair is going up, as soon as the direction of the market movement changes, you will lose your income and start to go into the red.

This initial profit makes some people feel like they have become real traders and have all the knowledge in the world they need to proceed. A good trader must always make sure that he is not only making profits but learning the process as well.

Quote from: ?? on ??

Best to study trading, sometime let your bots make your trading as behalf of yourself.

I can understand that bot might help do arbitrage trading or that kind of stuff but really there is no way bots can help you understand when you want to buy a particular coin and when to sell it. I mean that is the biggest problem with trading and I haven't used many bots so I think they only help you with speed and don't make errors but you have to be the one who decides when to sell and buy though.

Fivestar4everMVP

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Quote from: Renampun on August 12, 2020, 02:08:52 PM

In my experience, what made me lose money while trading is; panic...
You explain that the most important thing from a potential trader or investor is the ability of technical analysis, actually, without patience and accuracy it is useless. one more; a potential trader or potential investor needs a trusted mentor who is ready to share knowledge with you.

I've lost good amount of money due to panic in the past too, but technical and fundamental analysis is still very important cus the knowledge of this two can help us avoid panic, and it can also teach us to be patient. If you have good technical and fundamental knowledge of reading charts, it will tell you when to buy and when to sell, even if the price of the coin or token starts going down after you buy, through the chart, you can know if you need to be patient (as the downturn is just temporary) or sell to avoid further loss.

Xinarae*

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Quote from: ?? on ??

Best to study trading, sometime let your bots make your trading as behalf of yourself. If you physically coded it yourself with the calculations and parameters you’re happy with you could theoretically make a machine that trades precisely as you do regularly with more productivity, so so decision is yours.

Even if you decide to invest the bots are not very convenient using bots does not understand the exact signals of the market and investors suffer a lot. Good advice for investors is to plan before investing it is not possible to move forward without planning. Planning for any job gives the right direction and the market is easy to analyze and make decisions.

Nhebu

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Quote from: cryptoboss2020 on August 12, 2020, 07:53:27 AM

If You start trading and you have no clue about techicals or no help from someone who knows
You will lose your money likely.

You will fall in fomo and fud no matter what the Good news and bullish market out look the techicals analysed correctly never lie to You!!

If you Want to be successful trader you better learn hard as you can the techicals.

If we will always fall in fomo or fud, there is always a chance for us to lose in trading. Technical analysis is somehow good to be learned in market. There are different approaches that we should incorporate to out strategy so that we can become more effective and efficient. However, as a newbie we cannot grasp this easily as we will see different results based on the data that we gain. But as long as we experience a lot in trading. It will become easy for us to know what we will do when we encounter the chart or the movement that the coin did for the past hours/day.

shawonngp

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What you want to explain is very important to the trader or investor. One thing to keep in mind is that technical analysis alone cannot make a crypto trader successful.
Technical analysis is also very much needed, but traders need to learn a lot more before jumping on the technical analysis from Ananya. This trader should be stronger with basic analysis. Only then can they be able. An investor should be sure about the currency he is going to trade. The currency should be invested only with the current news .

MWesterweele

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Quote from: Gozie51 on October 20, 2020, 10:29:52 AM

Quote from: 1GUARDIAN on October 20, 2020, 05:39:27 AM

To hope that you will be lucky in trading, provided that you have no experience in this business - this is simply stupid. Even if the first few days you will have positive results in trading, it will be only because the market for this particular currency pair is going up, as soon as the direction of the market movement changes, you will lose your income and start to go into the red.

Such feeling is just to deceive oneself because as you said, if the market do a turn around of trend, it will definitely expose the lack of training and experience by the trader. So, trading shouldn't be seen as something depending on luck. Luck don't work to have steady profit.

A precisely statement mate, trading don't be depend on luck it was a pure knowledge of what you have doing, a strong background of information that you learn from your own study about basic knowledge re trading and most especially the lesson that you learned from your previous trading will solidify the things that you must need in your next attempt in trading. We can't predict what will gonna be the next trend of crypto, turning around of the market trend will reveal to you how deep your learning about crypto is, so better be knowledgeable than depend on luck.

Gozie51

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Quote from: 1GUARDIAN on October 20, 2020, 05:39:27 AM

To hope that you will be lucky in trading, provided that you have no experience in this business - this is simply stupid. Even if the first few days you will have positive results in trading, it will be only because the market for this particular currency pair is going up, as soon as the direction of the market movement changes, you will lose your income and start to go into the red.

Such feeling is just to deceive oneself because as you said, if the market do a turn around of trend, it will definitely expose the lack of training and experience by the trader. So, trading shouldn't be seen as something depending on luck. Luck don't work to have steady profit.

proTECH77

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As an investor never you afraid of losing profit in your investment. Most professional trader They always observe the period of the market before carry out their trading activities to make sure good reward come out from the business. Market is a place where different coins are trade with different customers to purchase any coin of their choice.
It is a good thing for every investors to know how to identify fake coin in the market. Many has been scammed by scammer who brought fake project to scam trader who don't know how to differentiate Between fake project and real project.

1GUARDIAN

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To hope that you will be lucky in trading, provided that you have no experience in this business - this is simply stupid. Even if the first few days you will have positive results in trading, it will be only because the market for this particular currency pair is going up, as soon as the direction of the market movement changes, you will lose your income and start to go into the red.

boyptc

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Quote from: Ridwan Fauzi on October 18, 2020, 01:34:05 PM

Quote from: boyptc on September 29, 2020, 07:14:18 PM

People who have technical knowledge in the analysis is an advantage. Yes, those traders that have less knowledge are likely to lose but it doesn't mean that they shouldn't learn it through experience.

It's good advice, reminding the new traders that the risk they are dealing with is high in trading. But all of those can be learned in process.

Trading without technical knowledge is worst, you'll never get any profit in it, I'm sure with that. Without technical analyst, what will you do before you make an entry? Following other trader? It can be worst as well.

So, technical analyst for trader is not an advantage but it is an important thing that must have. With technical analyst you will know when you have to stay with your entry and cut loss when you know there is something bad that will happen.

All I am saying is about the experience.

It's all up to the beginner how he'll grow himself in the long run. There is the process that he can go and at first listen to any trader which he think has good insights about the market.

I don't see any difference about importance and advantage in having technical analysis. As I've said, if you are good at it then you have the advantage than other traders.

Ridwan Fauzi

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Quote from: boyptc on September 29, 2020, 07:14:18 PM

People who have technical knowledge in the analysis is an advantage. Yes, those traders that have less knowledge are likely to lose but it doesn't mean that they shouldn't learn it through experience.

It's good advice, reminding the new traders that the risk they are dealing with is high in trading. But all of those can be learned in process.

Trading without technical knowledge is worst, you'll never get any profit in it, I'm sure with that. Without technical analyst, what will you do before you make an entry? Following other trader? It can be worst as well.

So, technical analyst for trader is not an advantage but it is an important thing that must have. With technical analyst you will know when you have to stay with your entry and cut loss when you know there is something bad that will happen.

Majharul Saiif

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Quote from: enhu on August 12, 2020, 11:11:16 AM

A piece of advice I got from someone who also experienced the same thing is that, if you are not learning to trade well then just invest and hold. You don't need to do anything else but wait. But at least try investing in a project that had been proven to be rising such as Bitcoin. You don't have to participate in accumulating thru the spot nor margin trading.

Wow, you disseminated an extremely reasonable thing. Equitable to which it is understood how to perform it for investment is favorable! Many people besides me may have reimbursed attention to your post. Thank you very much:-*

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Quote from: boyptc on September 29, 2020, 07:14:18 PM

People who have technical knowledge in the analysis is an advantage. Yes, those traders that have less knowledge are likely to lose but it doesn't mean that they shouldn't learn it through experience.

It's good advice, reminding the new traders that the risk they are dealing with is high in trading. But all of those can be learned in process.

Learning about trading is something that must be done before making real trades, it aims to minimize losses.
But if you do real trading without knowledge, then it is the same as burning your money, the experience you get must be with the knowledge you have, if without knowledge the experience will be in vain,
because professional traders can get better day by day because they have the knowledge, if they don't have the knowledge it will be difficult for them to correct mistakes that have been made.

lixer

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Sometimes the news have more effect on the market than anything. It’s good that we know technical analysis but I have seen times that experts we do technical analysis to predict the future of the market and then there will some news of an event that will affect the market and cause it to move the opposite direction.

If you decide that you want to be a trader, then you have to understand the market; you should be aware of everything that’s happening and how they can affect the market, and you should also be good at technical analysis. Anything you want to do, make sure you are good at it.

Kelvinid

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Quote from: rijaljun on October 05, 2020, 03:14:15 PM

OP is true some people still jumps on the market without any knowledge will result on losing money since trading can't be learned without any knowledge at all even if you trade many times and gain experience it's nothing if you don't even know the basics of reading technical analysis.

That was suicide. People who have that thinking are just simply throwing their money in the tin air. Because even though you are not good at TA but we also have our common instinct and that seems important.
I can't tell that these people are investors, the ignorance drives them to loose ends and they can't blame themselves either because that's their fault. If they were a true investor, they will also know what is the best thing to do.

CODE200

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Quote from: cryptoboss2020 on August 12, 2020, 07:53:27 AM

If You start trading and you have no clue about techicals or no help from someone who knows
You will lose your money likely.

You will fall in fomo and fud no matter what the Good news and bullish market out look the techicals analysed correctly never lie to You!!

If you Want to be successful trader you better learn hard as you can the techicals.

That is true. Many people are really jumping and skipping the basics and getting into the act of trading knowing nothing and even the technicalities involved are not known by them making them suffer from loss because of the act they do on passively skipping the essential things that they must learn first before getting into the application of their actual learning which is the trading itself. Success will come to you in training if you of course educate yourself first before doing anything because trading without prior knowledge is a total risk and a gamble of your money.

rijaljun

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OP is true some people still jumps on the market without any knowledge will result on losing money since trading can't be learned without any knowledge at all even if you trade many times and gain experience it's nothing if you don't even know the basics of reading technical analysis.

goldade

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Quote from: cryptoboss2020 on August 12, 2020, 07:53:27 AM

If You start trading and you have no clue about techicals or no help from someone who knows
You will lose your money likely.

You will fall in fomo and fud no matter what the Good news and bullish market out look the techicals analysed correctly never lie to You!!

If you Want to be successful trader you better learn hard as you can the techicals.

It is absolutely true that every trader shouldn't depend solely on getting signals from others but should strive to be able to understand technical analysis.
However, it is not just technical analysis that should learnt and mastered but also fundamental analysis. Both are equally important for a trader in order to make the most of the market.
A successful trader understands the importance of both and uses it to his advantage. It is only imperative to learn as much as possible about both before venturing into trading.

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