I have Good advice for investors - page 3.

AniviaBtc

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Quote from: amonymous on October 04, 2020, 12:11:06 PM

Thinking last line because if we want to manage trading successfully, we must learn and do a lot of research. I think the more research you do on a subject, the more you will become proficient and practice a lot to get success from trading. So learning is the most important then you can do anything in this crypto market.

Cryptocurrency investors should be aware on how to manipulate their assets in the market properly.

Research is not enough without application to become more effective in trading and investment. Learning how technical analysis works and other analysis is also important because that will give you a hint on when to make transactions especially that most of the cryptocurrency are volatile, especially bitcoin which is the number 1 most used cryptocurrency asset.

Try to use some virtual trading platforms that you might use in order to understand how trading actually happens.

coolbaughandrew

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I thought such advice is evident like a recommendation to keep your private key safe.

pawanjain

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Quote from: cryptoboss2020 on August 12, 2020, 08:53:27 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 might be true to some extent but technical analysis is not the only thing that drives the market forward.
Crypto trading depends on many factors and we must know all of it to predict the market's next move.
The fundamentals play an important role too and I have noticed many times that the trend is set based on the global news and events based on crypto.
Technicals does help us a little but one must focus on all the other aspects as well to gain more profits from their trades.

amonymous

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Thinking last line because if we want to manage trading successfully, we must learn and do a lot of research. I think the more research you do on a subject, the more you will become proficient and practice a lot to get success from trading. So learning is the most important then you can do anything in this crypto market.

SquallLeonhart

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You can combine them both at the same time as well, you do not have to follow just one path and never derail from it forever, that would make you a robot and I think there are bots that can follow all your instructions which means you do not have to be a trader yourself, just learn how trading is done and which one is good and you could potentially just get that into the bot and make it work for you without ever doing anything else.

Since you are not a robot yourself and you could make changes in your path, you could trust your instinct about something but do not do it on every single coin and token, do it when you check the TA first and react accordingly, do not go all instinct all at once, just see what the charts say and depending on the result give your own twist to it.

wxxyrqa

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Quote from: Mr.sprin on September 30, 2020, 10:26:08 AM

Learning from the experience of people who have achieved success in trading is a very valuable lesson so that you don't lose money and you will get a profit

Of course, any area of activity in the cryptocurrency market provides valuable lessons and a lot of experience. In addition, investment and trade have significant differences. Nevertheless, for a trader, the most important thing is technical analysis, thanks to which the trader gets daily results. For an investor, the main thing is fundamental analysis in order to fully explore all the possibilities of the project and the real prospects of cryptocurrency in the future.

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Learning from the experience of people who have achieved success in trading is a very valuable lesson so that you don't lose money and you will get a profit

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In trading, you just need to become balance. Not all the time you are going to focus on the technicals well there are two different people learning and applying their knowledge.
1. We have the person who called the bookworm they are most likely learning with the use of the information and the books they are reading before applying on the real trading.
2. There is a person who is more on technicals, likely more on experience.
These are the two type of person I usually encounter but for me, it's better to have both skills because not all the time you are learning with the use of the books and not all the time you doesn't know more than only came from the book.

Quote from: lienfaye on September 29, 2020, 09:15:12 PM

Quote from: boyptc on September 29, 2020, 08:14:18 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.

Yes we can learn how to read the market and make an analysis by experience, its an edge of a trader. But being successful in this field doesnt rely alone to this. A strategy and how you understand the market are also important, even traders who dont know how to make a technical analysis are able to earn by following their plan and strategy.

Also, another thing is the patience and the faith of the trader is included. There are a lot of traders who are using too many emotions in making a trade like the FOMO, when the market falls immediately sell out and etc. Trading requires different skills, also if we have 7th sense why not in trading.

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Quote from: boyptc on September 29, 2020, 08:14:18 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.

Yes we can learn how to read the market and make an analysis by experience, its an edge of a trader. But being successful in this field doesnt rely alone to this. A strategy and how you understand the market are also important, even traders who dont know how to make a technical analysis are able to earn by following their plan and strategy.

boyptc

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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.

okala

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Quote from: cryptoboss2020 on August 12, 2020, 08:53:27 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.

Knowledge of the technical analysis is not enough in trading. You really need patience and treating cryptocurrencies trading like the normal business. We have sell what we bought below the purchase price but we always do the opposite when trading. I will recommend strong mind above learning.

hahay

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At first you can instill patience and yes, we know patience is something important but even patience can also be applied to novice or inexperienced traders. I only share a little experience in the past, therefore I think patience is something that is very important for you to realize from the beginning onwards, because even though you don't have experience and also have a good understanding in trading but with patience, I'm sure you still have a chance to get profit from trading because with patience it will allow you to control yourself not to panic easily.

isaac_clarke22

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Quote from: cryptoboss2020 on August 12, 2020, 08:53:27 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.

Uh, isn't that obvious? Maybe not really for the technical side unless you're learning smart contracts, etc.
Just a watch in Youtube would already help you. You don't need "someone" actually. You could just self-learn and get the hang of it. Did that in my day trading days. It was a learning experience because I didn't earn but I still learned.

Darkelf11

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Quote from: cryptoboss2020 on August 12, 2020, 08:53:27 AM

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

I understand your point, trading is really a hard task for someone that doesn't have enough knowledge on technical analysis such as reading charts, graphs, using different indicators which are not easy to understand and apply to the actual trading. Most beginners on trading are usually do not have enough background/strategies or what on trading, as a result, relying on their feelings without technical analysis, ending up being the loser.

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Quote from: djmixen on September 24, 2020, 10:14:29 AM

It is very normal for every beginner who came into this industry to lose their investment. That's why as an investor you should know-how
to accept loose, because this business was too risky. So, it needs knowledge and skills because you are a trader here too because you will sell or buy your assets according to your will of course, depending on your understanding of crypto trading.

That's right but if you continue to do it in long period of time. You should learn from these mistakes and try new techniques and strategies that will help you to know more about trading. Its for all good of every traders to know a lot about trading. Knowledge is very important. Sometimes its not advisable to trade if you know your not in the mood and emotion will come up at you badly resulting to bad output.

militiariko

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Quote from: cryptoboss2020 on August 12, 2020, 08:53:27 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.

Well, we always mix up couple of variables or variance which is wrong if you agree with me. Investors should always have a strategy; while trades should also have a strategy but also perfect technical analysis and fundamental analysis. While understanding and practicing both; you should also understand that knowing everything about trad charts would not stop you from fud or fomo.

You have got to develop your emotional intellect perfect, to ensure that you are not swayed by any news, rumours or gist in the crypto space.
Always do your own research.

Yamifoud

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Quote from: Wawa2013 on September 28, 2020, 07:04:56 PM

That's right the advice the opening post gave, because trading without having knowledge of technical analysis will only make us
experience losses and lose the capital we have. Because we will make the wrong decision when trading without technical analysis
skills. So totally agree if you really want to become successful traders, you have to learn about technical analysis. If you already
have knowledge about technical analysis, you shouldn't fall in FOMO and FUD, because you can analyze the market correctly.

Technical analysis has nothing to do than having our own instinct. It probably we can tell that not all TA's are effective, it is just a sort of market prediction for the incoming which we are actually not sure about. What we have now is to have the positivity and confidence towards the incoming and driven by our individual instinct helping to decide the right and the best thing to do. And why it sometimes we fall into FUD/FOMO, it is because we always rely on TA's.

Wawa2013

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That's right the advice the opening post gave, because trading without having knowledge of technical analysis will only make us
experience losses and lose the capital we have. Because we will make the wrong decision when trading without technical analysis
skills. So totally agree if you really want to become successful traders, you have to learn about technical analysis. If you already
have knowledge about technical analysis, you shouldn't fall in FOMO and FUD, because you can analyze the market correctly.

bocyaj

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Quote from: cryptoboss2020 on August 12, 2020, 08:53:27 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.

Trading is full about your learning on your own with some experience on trading.And it is not cent percentage you lose your money,if your inverse with out trading knowledge.Sometimes,you can get profit with your sweet luck.To continue your profit,you should became a technical strong person on trading.

Emitdama

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There is a huge difference between losing a bit and losing a lot. Most of the time if you are a very newbie investor and you lose big on your first try you will leave, not everyone leaves of course, I lost big on my first but I recovered it later over course of years, but at the same time if you are newbie you could definitely leave as well and nobody could say anything.

However, if you are new and you lost only a bit, not too much but just like 5% for example, you could totally recover from that, because even newbies knows that 5% loss is nothing and it could happen to anyone. Obviously we are going to suggest all newbies to have a stop loss, that way they could never lose too big and they will try to stay in the market as long as they could to make that back.

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