Every individual thinks differently so I think that future trading is not for everyone and its the reality that each type of trading is difficult and not everyone can get the same reward as he think about it. The worth of each and every token changes on daily basis so future trading become more risky when the price goes against someone's hopes.
Spot Trading on other hand is also risky but it evolves that ability for new customers to get advantage through buying when cost reduces and selling when costs become up. So in spot trading if users work with active mind can achieve goals but knowledge about the market is necessary.
Topic: If it was you - page 2. (Read 579 times)
Spot can be a nice start for newbies from what i have seen from the market so far. Since it only entails buying and holding until the asset appreciates just that it will only require patience since little or no technical skill is needed although with technical skill the trader can have more advantage over the market.
For me, it is not necessary we have to try Futures trading. If we are already comfortable and profitable in spot trading I think that was enough. Greediness is somewhat had urge some people to take Futures trading believing that this will give them more satisfaction and earnings. In fact, we can hear that newbies even do this despite the fact that they don't have long trading experience, knowledge, and skills...and regrets come next.
Between future and spot trading which will you opt in for. For me i think it is better to start with spot trading gradually observe how the market respond over time before moving into future trading. Both are indeed volatile and risky but i think spot which involves immediate buying and holding until price goes up to sell at a profit is more easier to start than making prediction on a price to either go up or come down on a later date.
Spot can be a nice start for newbies from what i have seen from the market so far. Since it only entails buying and holding until the asset appreciates just that it will only require patience since little or no technical skill is needed although with technical skill the trader can have more advantage over the market.
Spot can be a nice start for newbies from what i have seen from the market so far. Since it only entails buying and holding until the asset appreciates just that it will only require patience since little or no technical skill is needed although with technical skill the trader can have more advantage over the market.
If by spot you mean long term as that is what I understand with entailing you to buy and hold the asset then I would agree with.I personally am in the long run and have bought and Staked Zilliqa coins which give me 15% applied yearly interest but I never agree with someone doing daily trading as that is the same as gambling if not worse.You have a couple of news you know that you think this x asset will increase in value and buy it only to find out that some other news predecessor that news you knew and make it old and as such you lose money.I am always pro to the option to invest your money for long term profit and from the options shown here I would agree with the spot trading.
No one is for newbies why because you could trade on any of it and lost your funds both are volatile...
I understand your POV on that. However when drawn in comparison, Spot trading seems easier to grasp and I believe that was the clarification OP sought.Quote
for instance I was supposed to place a sell order of 0.00007BTC on spot trading I mistakenly placed it at 0.000007BTC and instantly it triggers and I lost all my funds without knowing it was my fault and this was my beginning stage to start trading. As then i was actually taking future trading to be the easiest, but recently after my experience with future I gat to understand is the most difficult one to deal with than spot trading.
Experience, they say, is the best teacher. You had a nasty experience there but glad that you learnt from it. Sometimes I get to find such ludicrous pending others in the trade book and instantly I conclude that such orders are from noob traders who are struggling placing orders. However, it goes to exemplify that one's loss is another's gain. 
Spot can be a nice start for newbies from what i have seen from the market so far. Since it only entails buying and holding until the asset appreciates just that it will only require patience since little or no technical skill is needed although with technical skill the trader can have more advantage over the market.
I currently have an ongoing trade on Spot that the outcome is rather moving against me for the past four days now which am making much loss by the day, of which if it were to be some other traders they would have cut the trade before now to minimize the loss, but based on my technical analysis which I rigorously did before entering the trade I am just confident that it would bounce back from a certain level am expecting it to hit. Why am I saying this, wether features or spot it all demands a good technical analysis before entering into any trade and not just patience because it's your analysis that embolden your resolute to stay patient when it's a trusted one. So both trades type still demands technical analysis and patience too. Between future and spot trading which will you opt in for. For me i think it is better to start with spot trading gradually observe how the market respond over time before moving into future trading. Both are indeed volatile and risky but i think spot which involves immediate buying and holding until price goes up to sell at a profit is more easier to start than making prediction on a price to either go up or come down on a later date.
Future trading is a business of professionals. I think a newbie should not have much connection to Future trading. Future trading can make or mare you even a professional trader let alone a newbie. A newbie can lose out on everything if they venture into Future trading.Future trading is risky for pros let alone a beginner. A beginner is good for spot trading and there are no much losses on spot trading especially with tools as stop losses and take profits.
And this is because futures trading is a more advanced and difficult way to trade, and when we add leverage to this equation a newbie could lose all their money in a single bad trade, something which will be very difficult while making a spot trade on a solid asset like bitcoin.
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Spot can be a nice start for newbies from what i have seen from the market so far. Since it only entails buying and holding until the asset appreciates just that it will only require patience since little or no technical skill is needed although with technical skill the trader can have more advantage over the market.
If your position is a long position, then you can start with spot trading if you are new to trading or just doing some lessons or practicing. But you can also do it on futures trading with leverage but set the leverage to very small leverage.Spot can be a nice start for newbies from what i have seen from the market so far. Since it only entails buying and holding until the asset appreciates just that it will only require patience since little or no technical skill is needed although with technical skill the trader can have more advantage over the market.
Setting it to low leverage will help you to minimize the risk and losses. For me, it will not really matter at all if you just know how to do risk management and not be greedy.
No one is for newbies why because you could trade on any of it and lost your funds both are volatile, infact as a matter of fact during my early stages with trading I lost all my funds in exchange where I was trying to trade a token listed on exchange. It was directly paired with BTC in the sense that I was not too good with satoshi calculations, for instance I was supposed to place a sell order of 0.00007BTC on spot trading I mistakenly placed it at 0.000007BTC and instantly it triggers and I lost all my funds without knowing it was my fault and this was my beginning stage to start trading. As then i was actually taking future trading to be the easiest, but recently after my experience with future I gat to understand is the most difficult one to deal with than spot trading.
I won't totally blame them because this online traders make it look easy that anybody can do it with just having the money and opening an account. You see them constantly updating proof of their profits there by making the whole thing look very easy. What people don't understand is that it's very hard than what they're advertising and if you're not careful you can get liquidated.
Future trading is the most lucrative type of trading but you shouldn't involve yourself if you don't know how to trade the spot market therefore there should always be the starting ground and when you have perfected that then you can move upwards to take higher risks.
Future trading is the most lucrative type of trading but you shouldn't involve yourself if you don't know how to trade the spot market therefore there should always be the starting ground and when you have perfected that then you can move upwards to take higher risks.
Liquidation is the risk that many don't take in consideration or doesn't even know when they are trading future for the first time. And also they put 25-80/90x sometime without realizing how bad that could be if the market moves the opposite way.
I think first spot trade, then DCA, then future trade. If one can follow this step by step. Then they will become pro quickly. But hard work would be a must. If you make a good profit just taking a gamble on the price movement, you will never be successful in the long run, that's for sure.
I won't totally blame them because this online traders make it look easy that anybody can do it with just having the money and opening an account. You see them constantly updating proof of their profits there by making the whole thing look very easy. What people don't understand is that it's very hard than what they're advertising and if you're not careful you can get liquidated.
Future trading is the most lucrative type of trading but you shouldn't involve yourself if you don't know how to trade the spot market therefore there should always be the starting ground and when you have perfected that then you can move upwards to take higher risks.
Future trading is the most lucrative type of trading but you shouldn't involve yourself if you don't know how to trade the spot market therefore there should always be the starting ground and when you have perfected that then you can move upwards to take higher risks.
Liquidation is the risk that many don't take in consideration or doesn't even know when they are trading future for the first time. And also they put 25-80/90x sometime without realizing how bad that could be if the market moves the opposite way.
I think first spot trade, then DCA, then future trade. If one can follow this step by step. Then they will become pro quickly. But hard work would be a must. If you make a good profit just taking a gamble on the price movement, you will never be successful in the long run, that's for sure.
Spot can be a nice start for newbies from what i have seen from the market so far. Since it only entails buying and holding until the asset appreciates just that it will only require patience since little or no technical skill is needed although with technical skill the trader can have more advantage over the market.
But, it seems that you are missing out one of the important factor of considering the real potential of a coin because holding a shitcoin could never help you in any case. For the scenario of Bitcoin, spot trading is always seeming like profitable one because you are getting second chance of holding if the market direction is not moving in your favor. But this cannot be generalized for all the coins and tokens when it coming about the spot trading.In precise, I like to the suggest you to go editing your open-post like spot trading is easier and profitable only for highly potential coin/token because holding is profitable only for potential things and not just for every asset.
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You cant win the trading all the time without technical analysis. Even technical analysis don't work all time.
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For a professional trader or an individual who is willing to turn trading into their routine/passive income, TA is vital part.
I have a friend who does trading solely on news. I don't think TA is necessary for everybody. You just gotta find out what works for you and stick to it.
Future trading is mother of all. It has very volatile market and decisions needs to be perfect. Since the prediction window and marginal difference is really tight, it can give you huge profits in return to your prediction. However, reverse is also true and it can take down all the investment along with it, or even more if you do not sell in the right time.
However, spot is always good. You have your own time frame and its your choice whether to sell or not and its also about when to? In fact you have clear understanding of the same considering your own thoughts about it. So you are good to go for it.
You cant win the trading all the time without technical analysis. That would be just random profits but you cant survive on it in the market. For a professional trader or an individual who is willing to turn trading into their routine/passive income, TA is vital part. In long run it happens to eat out profit if you do not do the research about asset you are investing into.
However, spot is always good. You have your own time frame and its your choice whether to sell or not and its also about when to? In fact you have clear understanding of the same considering your own thoughts about it. So you are good to go for it.
I have done same thing as you mentioned, albeit unknowingly. But,
I disagree with this point. Buying and holding some random asset don't work and you'll likely lose money. Even if you don't do technical analysis, rough research on project helps a lot.
Since it only entails buying and holding until the asset appreciates just that it will only require patience since little or no technical skill is needed although with technical skill the trader can have more advantage over the market.
I disagree with this point. Buying and holding some random asset don't work and you'll likely lose money. Even if you don't do technical analysis, rough research on project helps a lot.
You cant win the trading all the time without technical analysis. That would be just random profits but you cant survive on it in the market. For a professional trader or an individual who is willing to turn trading into their routine/passive income, TA is vital part. In long run it happens to eat out profit if you do not do the research about asset you are investing into.
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Spot can be a nice start for newbies from what i have seen from the market so far. Since it only entails buying and holding until the asset appreciates just that it will only require patience since little or no technical skill is needed although with technical skill the trader can have more advantage over the market.
Spot trading is actually suitable for newbies. And even I was in trading for many years, I was still Opt to take this rather than trying Future trading because I was already comfortable with this. It was not wrong to take Future trading but must take note the higher risk involve which could cause big losses. It is indeed we need to prepare ourselves very well if we have plan for this. We don't need to hurry, we can go over there as long as we have carried enough trading knowledge and market experience. Spot can be a nice start for newbies from what i have seen from the market so far. Since it only entails buying and holding until the asset appreciates just that it will only require patience since little or no technical skill is needed although with technical skill the trader can have more advantage over the market.
Between future and spot trading which will you opt in for. For me i think it is better to start with spot trading gradually observe how the market respond over time before moving into future trading. Both are indeed volatile and risky but i think spot which involves immediate buying and holding until price goes up to sell at a profit is more easier to start than making prediction on a price to either go up or come down on a later date.
Future trading is a business of professionals. I think a newbie should not have much connection to Future trading. Future trading can make or mare you even a professional trader let alone a newbie. A newbie can lose out on everything if they venture into Future trading.Future trading is risky for pros let alone a beginner. A beginner is good for spot trading and there are no much losses on spot trading especially with tools as stop losses and take profits.
People try to make quick money and in an easy way. So the first thing comes to their mind is future trade. Those who have no patience will always choose future trade. But the best approach in trading is to start from spot trading.
I won't totally blame them because this online traders make it look easy that anybody can do it with just having the money and opening an account. You see them constantly updating proof of their profits there by making the whole thing look very easy. What people don't understand is that it's very hard than what they're advertising and if you're not careful you can get liquidated.
Future trading is the most lucrative type of trading but you shouldn't involve yourself if you don't know how to trade the spot market therefore there should always be the starting ground and when you have perfected that then you can move upwards to take higher risks.
I have done same thing as you mentioned, albeit unknowingly. But,
I disagree with this point. Buying and holding some random asset don't work and you'll likely lose money. Even if you don't do technical analysis, rough research on project helps a lot.
Since it only entails buying and holding until the asset appreciates just that it will only require patience since little or no technical skill is needed although with technical skill the trader can have more advantage over the market.
I disagree with this point. Buying and holding some random asset don't work and you'll likely lose money. Even if you don't do technical analysis, rough research on project helps a lot.
The risk is higher than futures trading than spot because we know all beginners come as spot trading because it will be a start for at the time of purchase he can hold until he finds the best price to sell while futures trading we must be able to have the skills to analyze market movements at any time so right now I'm more comfortable in spot than futures trading.
You think beginnings don't start as a future trader? You are wrong, the beginnings that really want to learn about trading and making money won't start from future, but some beginners that only care about money and don't want to learn will definitely jump into future. I have seen a group before, they claim to be training people and providing signals for people even if you are a newbie(you don't know anything about trading), and people were really joining the group, those once are just after money and they don't know their is risk in future trading, they have been brainwashed already by the people teaching them. 
Between future and spot trading which will you opt in for. For me i think it is better to start with spot trading gradually observe how the market respond over time before moving into future trading.
Me, well, I will prefer to do spot trading. I am not a high-risk taker, so spot trading is much better for me to be able to manage the risks and emotions. I have ever done Future trading in the past, but I couldn't hold it and the gave up because of the higher risks and I was not capable of this. Although the results may be much higher than the Future trading, I think the risk is also the same, high enough.That is why whatever the choice, I suggest that it is based on our own ability, the ability for anything that can encourage us to do the best in the future or spot trading.
Even if I already have the experience in trading, I still liquidated in the futures so I think this is not advisable to beginners because its too risky. Spot trading are advisable, you can easily control your trade without worrying about losing everything, take small steps at a time and you can be good. Learn how to trade effectively and when the right time comes, futures might be your option but again don’t do this if you knowledge and skills is still not that good.
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