Topic: Learning comes before earning - page 4. (Read 1043 times)

This can be rewarding once you already know how to handle the market, and yes trading is not that easy.
If you want to be more profitable then you should not skip this part of learning and when it comes to trading, it may take years before you are able to make some real profit and that’s ok because in trading, there’s no easy money. Continue to learn, adapt and adjust, if you think you are losing then better to create another strategy on a different approach, trading is like finding your best strategy to make profit.

OP needs to follow the process - starting with learning and then practicing. Learning takes time - practice takes courage, but he doesn't need to put more budget in the early days. There is no trading course that is without risk in practice - every trader has experienced losses, that is a consequence that any trader needs to consider.

A trader who today would have earned tens of thousands of dollars as profits may have lost thousands of dollars in the process - it has given them experience, and they are even more capable if they manage to learn lessons from past mistakes. Trading is obviously risky - but knowledge and experience will make a trader more realistic about making a profit.

Nothing is as important as knowledge in anything you are about to start doing, if you have knowledge about anything, it will be more easier to do it and earn or benefit from it. Crypto trading is hard, and it is very profitable but it requires some sacrifices which include learning all the basic fundamentals about trading and know how to avoid losses and stop been greedy and take the little profits you have.

Not really just that only for investing but also in rather in other things as well on which having knowledge would really be that important. No one starts on being a professional on which it would really be just that normal that we would really be having that kind of mistakes that we would really be able to encounter on which it would really be just that normal that you would really be making out those kind of adjustments on which it would really be just that that normal for a certain person that they would really be making out that kind of action on which they would really be trying out to make adjustments accordingly on which it is really just that normal.

There are really just some people who are really that in a rush on dealing up with things on which they are really that trying out to neglect into those things which arent supposed to be done.
They would really be making out those actions which arent supposed to be done on the time that they are really just that starting. Somewhat it is really just that
normal behavior for a certain person who would really be focusing more on making money.

Haha, after reading this thread again I've got the perfect meme fitting in here but I won't post the image hehe ... Because for that I need to scroll the blogs.. I'll explain the context here fitting perfectly..

So a newbie posted a motivational post that First Learn and then Earn haha the impatient user posted they'll fuck you with their courses and then from Learn e=remove the Earn and the leftover is "L" .... it might not be as funny in a presentation hehe but it was way much funny in context of "L" on the meme so don't fall into such posts,

Learning is not enough ... Actions are important and learning is the first action only.... for earning make more action then posts...

We should not need to be confused that knowledge is very important and a must before investing, trading, or whatever it is. While profit/earnings is the outcome of it.

In fact, old investors and traders continue learning because they want to improve their knowledge and skills as this will also increase their chances of earning. It is very clear to us that what makes us more profitable is that we know what we are doing, we have direction and acted according to our plan and target. That is why it was impossible to reach our goal if knew nothing. And newbies should know what they have to do first prior to starting their crypto journey

Absolutely, learning should always be the top priority and come before making money because as a result of learning something, earnings will follow depending on the knowledge and experience learned. Especially in financial markets, the luck factor will cause you to be successful only a few times but learning will cause you to achieve infinite success and profit. Learning important factors such as technical analysis, fundamental analysis, market research, capital control, risk management and gaining experience from all these learnings will definitely enable a person to run rather than walk on the path of profit. Someone whose sole focus is profit will stumble over the first bumps he/she encounters on the road but someone who learns and takes firm steps on this path will definitely continue on his/her way by jumping over these bumps.

Remember, in financial markets luck only brings profits a few times but learning will continuously bring profits as it triggers the continuity of these profits. For this reason, in order to successfully become a profit-oriented trader, it is necessary to first learn, then gain experience from what you have learned and as a third step focus on potential profit opportunities by pursuing profit opportunities.

Good advice. Becoming successful is not an easy matter and must be paid at a very high price.
It takes knowledge, commitment, enthusiasm, time, and money.
Likewise, to become a successful Crypto trader (Full-time trader), we must have qualified trading skills, patience, and a high tolerance for risk.
So beginner luck is just a story of the past...

Later on  they would really be making out those realizations in speaking about those situations or conditions that they would really be needing out to adjust accordingly or else they wont really be able to move forward
if we do speak about trading. They would be making out those awareness on what they've been doing and its impossible that you cant really be able to spot out whether its right or wrong. If you dont see any progressive
movement about your trading or market dealing then this is the time that you would be having those thoughts that trading isnt for you or something that doesnt works for you but this kind of behavior it isnt really just that right on which we do know that trading skills isnt something that you could learn overnight.

The main wrong things on which people do really have in mind is that they do rushing up on making money on which on the sense that they are already that making those kind of assumptions
that they could be able to make easy money within this market but once the market would be slapping out those reality then this is where great disappointment would really be kicking
in and this is why its not shocking that there are ones who do sustain and there are ones who do give up easily.

Learning comes is very important subject before earning. Without learning anyone cannot gain in crypto currency market. If you really want to do something in crypto currency market you must have to learn more and more otherwise we you be deprived from everything from cryptocurrency sector.

If you want to invest on bitcoin or another currency you need proper knowledge about that's currency otherwise you loss your fund. So i think at first need knowledge about cryptocurrency market and specific currency. So i am agree with you learning comes Before earning and it is absolutely true.

I don't get your point. You just gave an example how newbies sometimes benefit from being scared easily (or fomoing easily). Yet you say that newbies are less successful.
Are you saying that Mr A is better trader, because he is experienced and stayed calm? Or because he trades with more money?

Mr B might panic sell in -10% while Mr a hodls to -70%. Calmness doesn't matter in that case, in the matter of fact it might have been disadvantage, as Mr B panicked before the markets, and still has %90 left to invest, while Mr A lost majority of his investment

 If you fail to learn when you are supposed to learn then you will learn when you are supposed to earn, by then the market must have dealt or fucked with you enough. There is no shortcut to profitable trading, you must pass through the process, get grounded enough with the knowledge or skill before you begin to earn. Newbie traders are always interested in making profit without first considering the knowledge which is bad.

A traders are not same. For the fact that Mr A earns from trading and so also Mr B does not mean that both are same intellectually and financially. This is why a trader shouldn't imitate the spending habit of another trader because there are alot of variations.

• Mr A can be an experienced trader while Mr B is an amature trader
• Mr A could be trading with $10k capital while Mr B trades with $100
• Mr A can be emotionally strong when his portfolio is at -70% while Mr B will shiver at -10%

Above all, newbies are always less successful in trading.

I am not against signal groups especially if they give valid signals. It is not everyone that can fetch a cup of water from the wavey and stormy sea. If you cannot fetch, subscribe with someone or a group of people who can fetch and earn in a smart way. What I discourage as you said is total newbies subscribing to signal groups even when they have not learnt the basics of trading. The end effects would be disastrous.

Newbies pay less attention to this advice. Especially as bull run is on the way. They will think they know how to trade due to sudden movement of some coins. But when the real time comes, they will lose hugely and learn from their mistake.

It is a big problem for us that now we are not very interested in doing any work with patience and time instead we spend our time looking for sites from where we can get quick income. We always find a way to earn money where we don't have to use our brain where we don't have to do physical work just invest money and money will keep coming to us. Actually, it is not as we imagine in reality. In reality we have to struggle a lot to earn money and whatever way we earn money, the way to earn money is not an easy one at all. So far I haven't seen any people who have found success with get rich quick schemes. I believe that there is no shortcut to get rich, getting rich requires maximum use of your brain as well as physical effort.  

For example if I give an example of two traders one of whom is very experienced and the other is just starting out. Those of us who understand trading can easily answer that whoever has more knowledge about trading has more chances of profiting from trading. But if the same thing is asked to a newbie trader then he will say that he will never take that much time to trade he will buy less time sell more time ie he will give an easy answer but as easy as he will answer in reality but how easy he is to apply.
So I think in new situation we should never follow the get rich quick route but we should take time and try to understand the market and understand the market and then trade.

All those who decide to start trading without knowledge and experience will definitely lose their deposit. But I hope that this will serve as a good lesson and make him take up training in order to later offset his losses that he incurred at the beginning of his trading career.

Everyone certainly really needs knowledge and experience in holding each coin because without the knowledge and experience they have then there is no difference in what they do with gambling, they just hold it and only hope for the luck they get from winning and it is not certain that they can have luck because they have no knowledge whatsoever of the coins they hold.

For those who have good experience and knowledge about trading or investing, of course they can choose the type of coin that has the potential for profit so that they dare to hold it for a long period of time to get this profit.

Until now, there are still many newbies who trade immediately even if they don't know anything about trading in the field of cryptocurrency. Others think they might get lucky in trading. It's a false belief in their mind to be honest.

Here in cryptocurrency there is no shortcut for us to make a lot of money here, unless you want to try crypto gambling, if you are lucky you can get the jackpot when you play, but the chances are low so the average is high that you will lose.

If you start trading without knowledge you don't know how to trade. So first learn something then you can gain something. 

not just knowledge; it takes a lot of things before you can trade profitably. Yes, you have the necessary knowledge, but you don't have the courage, so a trader should train his mind and emotions in order to overcome the anxiety of trading and to cope immediately, no matter what the result of the trade is. A trader also needs a lot of patience, because it takes commitment and patience for a trader to learn things in trading; without it, the trader could easily give up as he can't take it anymore. Knowledge is the foundation of it, so you better start building the foundation. Just like how we build a home or building, we need a strong foundation in order to continue and keep on growing, and at the same time, your foundation will get stronger and stronger as time goes by and as you keep on feeding it with information.

Think about when you'll go into the battlefield and yet you don't have a weapon or complete battle gear, what will happen to you?
The same on trading, knowledge is your best weapon and to obtain that knowledge you should learn first.  Keep in mind that trading isn't all about earning money, sometimes you may experience losses so that you'll learn and not repeat this mistake in the future.

It could be the potential for consistent earnings over time will often happen if you're knowledgeable enough.
So invest your precious time in learning, developing sound strategies, and practicing risk management.