Topic: It is possible to make a profit by trading - page 5. (Read 924 times)

This shouldn't imply that that you will not experience a few misfortunes along the street, in any case assuming you see how the market functions, you certainly will create gains. I figure you can attempt it assuming you will invest additional energy and able to follow the market all day long.

you can't expect overnight success in trading. it would take years how to learn those strategies, and you do need time to study the projects that you want to get involved with. it is not advisable to trade blindly, as you can easily lose money if you do that way.
expect that you will lose money before you can gain profit. it is not a one-time deal where you will win at your first plunge. this needs patience and hard work, of course, you should understand the basics of crypto trading at the start. you will be eaten alive if you are entering in this market without any kind of preparation.

Trading is profitable if you do it correctly, many traders already prove this one especially if you trade continuously with a goals to achieve. Its normal to lose money in trading, what you can do is to be more consistent and have more winnings than your losses. Trading is a work, you should take it seriously.

That is the thing we suppose to do. And it was clear that trading can't be an easy ride and then make a profit quickly, we'll be making it hard for that sake and if we are incapable of doing it, then we have to move on. And even we do understand trading and even we know how to trade, it doesn't mean that at all be making good and profit always. Nha, trading never looks like that as sometimes we make losses aside from making a profit.

Effort committed to it, learn from mistakes, have a positive mindset, have extra patience...these things are very important and a must to carry when trading.

Well, if you think you are not capable to make profits in trading, then continue learning and building your own strategies. If it still give you losses most often, maybe after 3-5 attempts, i guess you will consider quitting from it and maybe in investing, you will be good at it. Just try because you won't really succeed if you never try. I believe trading will only be profitable if you know how to deal with its risk in the first place. And once you decide to trade, take extra effort and always focus on getting your goal.

^ Definitely right, trading needs skills, knowledge, and strategies before it will consider that the chances of getting profit were there.
The reason why most traders have made a decision of quitting trading because they are lack knowledge, they think that trading is just that easy of making money. They did not know the fact that there is no free money that you will get easily. Because in trading there is a lot of competition and I think you must get ready first and it should have more fund is able to survive. Nevertheless, think about that in trading if there is a winner there could be a loser, and don't be a part of those losers.

Indeed, you must know yourself. You have to know your ability. Don't force it if you can't. Since I'm sure not everyone has the same skills, they have expertise in their respective fields. Although actually I am sure all things can be learned even though the results will not be maximal. Therefore taking the decision to stop is good because everything has to be limited. If you stay afloated maybe it will only cause you to lose a lot of money.
Big profits start from small ones that continue to grow. I think you should be happy because it's better to have a little profit that continues from a big profit and can't continue.

It seems that you are missing some important information on what had help you to make sudden profits. I guess that you must include that so that it would be guiding many traders who are still struggling with continuous losses. Even after you have experienced profits from trading I guess there will be no need to doubt about the possibility of making profits from crypto trading any more in your case.

Yeah, there are lots of traders like OP who have made their experience upside down with the help of skills but people are still ignoring the importance of developing technical skills for making profits may not see such different experiences.

Profit and loss is part of the crypto market, every investor suffers loss in crypto trading so if you will trading by care then you can get the benefit but some time bad news in crypto can suffer the loss of investors so profit can be made if you keep eye on every thing news and crypto trends then you can make a profit.

I don’t really know what to say about making use of bots in trading, because I have not used any of them at all. But I do see some people who say that making use of trading bots are really good and that they do profit from it. Sometimes they will even post their trade history to showcase how much that they were able to make by using a trading bot.

Although I know that things can be photo shopped these days and anyone can just do anything to make people believe whatever they want them to believe. And I know that it is also possible that they can just decide to take a screenshot of only the sides that the bots performed well. So, I can’t really say on that because I have not used it for once. But, I think copy trading is quite nice, although you also happen to lose when whoever you are copying loses. But before then you are given the chance to look at their trading history to know their winning percentage rate, before you decide on whether you should start copying them or not.

Finally, it’s always best like you have said that people should try to Polish their own skills and become professionals in trading so that they will be able to do it by themselves and not rely on anything at all. And there will always be risk in trading, we just have to be able to manage ourselves properly.

Bot is not that good when it comes to profit as far as I know, It's better to keep polish your analysis and decision. Many people just dont have good enough skills to predict the market movement so they're using copytrading or bots. There's always a loss when it comes to investment or trading because it's the risk when we do trading but we should learn about our mistake and fix it in the future for better analysis. 

if trading wasn't beneficial to traders, we can never think that they will stay there and keep on trading. But they did and that simply it means trading is profitable. Can't say they earn a profit everyday as not all are day traders but at least, we could see that many of these traders went succeed and have a better life after getting into this field, it is somewhat to see there are positive results than seeing negatively a far different from what the others are saying.
And yes, I have to confirm that...

Exactly possible, very possible.
That is why there are still so many cryptocurrency traders that we can find in this world. There are still so many traders that can earn money from trading.
Because for many people, trading is something very valuable and also promising. We can see how we are just from trading, getting good analysis and decision, tools, and also probably bot to encourage the good trading skills.
Btw, this also relate to certain skills that we can take of trading. We cannot only focus on profits but also risks.

With time you’re going to learn. Just try to be doing research as much as possible and try to ask questions and get answers from those that have been trading for long. I have seen a lot of people who are self taught traders and never have to rely on anyone to teach them about trading face to face , they do everything by themselves and they keep on learning from YouTube videos and other trading lessons that they can find online.

So, I am also going to advise you to do the same thing that they are doing. Check out YouTube videos that teaches you about trading and gain more experience and learn good strategies and good luck on that.

Yes, you are right that it is a high risk for the newbies, But you have to agree if you do not take the risk you can't be able to learn properly.

Only paper/pen works can't make you a good trader, you must come on the actual battlefield. I've seen many traders who don't have any professional degree in trading, they are just learning and made themselves experienced by doing recharge and applying those on real-life trading. It's true at the beginning time they lost a huge amount by applying their immature methods, but gradually they have overcome from the uncertain situation and many of them are now pro traders. You must have to take the risk if you really want to earn something.

Yes, cryptocurrency trading really gives profit, but it's very risk, if you are lucky and buy crypto token when the price is low, and you hold the coin to a particular time, if the price pump then you sell and claim your profit.

I was supposed to say that it was a risky try for everyone who is new in trading but this gonna be more profiting if you are knowledgeable enough and really have the skill. But because we wanted to learn about trading, we don't care much about losing, instead we urge ourselves to do it despite a very challenging market that sometimes is hard to understand.

Knowledge, skill, and experience are a complete package that we need to acquire in order to become more profiting, and to earn every day was pretty easy if we have reached already that level of expertise. And never think this was easy, No, that really it takes several months.

Are you trading on futures? That must be a beginner's mistake and if you are able to arrange new funds then you may try on spot trading with high volume cryptocurrencies. Anyhow, only your skills must be the key factor for your results in trading which can be true for both derivative and spot trading.

In-between skills and management there is another requirement for success in trading which must be experiences. Because, just learning from books may not help you in real market but if you practice in live markets then profit making in trading is possible.

Everything is possible in crypto. Once can make profit which was not possible in past. Trading is little risky because market is volatile but if you have professional skill of analyzing chart and good management of investment than yes you can make nice profit from trading.

Trading is profitable, but also not, it depends entirely on you on how you're going to make it profitable. Without no decent skills on it, I don't see trading as a profitable investment. I've been trading in Binance futures since 2020 but I've got no luck on it, that's why I decided to stick to stock trading and luckily I've made profits already.

Stock trading might be low risk and low reward, but I love it since a profit is still a profit no matter how small it is.