Topic: lost and struggle of trading. - page 6. (Read 2751 times)
When it comes to trading. Your experience is your trading university. Thorough analysis of your short and long position will guide you in your subsequent trading.
Altcoin trading is a tough task because it is decentralised and hence is very uncertain, volatile and unpredictable. Since, it is not regulated, scams are way too common in trade. Pumps and dumps which is illegal in stock or forex trading is very much popular here and traps many investors. Also, the market is full of shit and dead coins. One need to be very cautious in choosing a coin. Market runs highly on speculation. Speculation is also prevelant in stock or share market, but the company behind particular stock is the major driver of the price. Altcoin are mainly decentralised, therefore, there isn't any solid mechanism that drives the price leaving some top coins.
Is trading hard?
I want it to come from the people who actually trade who experience trading I myself just read from goggle and some websites. Please do share some experiences and lost of money and earnings.
What do you called this? struggles yeah thats its struggle of traders.
Trading is not hard but making money through trading is very hard. You should also have it at the back of your mind that trading is a game of skills and professionality and you should not jump into it without adequate knowledge on how things work. I have lose alot of money through forex and binary option trading and to make money on them I see how hard it is. But now I am making money in bitcoin and cryptocurrency. I want it to come from the people who actually trade who experience trading I myself just read from goggle and some websites. Please do share some experiences and lost of money and earnings.
What do you called this? struggles yeah thats its struggle of traders.
Trading is actually not so hard but some what complicated for newbies. As a professional level of skill trading requires a lot of hard work and patience to learn. If you trade just by believing that you're lucky enough to win then that is not a true statement. There are some strategies but they won't help you. You will need to be very well experienced to get some good profits.
Begin your trading with demo account or paper trading for 1-4 months and then you should go with small investments after that if you go better then continue increasing the investment.
Begin your trading with demo account or paper trading for 1-4 months and then you should go with small investments after that if you go better then continue increasing the investment.
Look at all the stories on bitcointalk, people gaining/losing money left and right..so yeah trading is hard lol.
Indeed, trading is not easy.
1. First make sure you have a plan and business model that will allow you tol extract profits. Many people come into cypto and just randmoly with purpose or long term thinking guiding their overall decisions. There are several ways legitimate
a. own franchise coins and hold them long term through periods of volatility: BTC, ETH, XMR
b. act as a market maker and earn the bid ask spread, your trades are mostly short term
c. become an expert in 3-5 coins and swing trade small moves
2. There are lots of stories of traders that can guide you. A few articles are attached to help you climb the learning curve. Key ideas from these articles are to control your emotions and make sure you avoid the urge to jump into coins during massive pumps. They often mean revert just when you buy and feel a continued rise is a sure thing.
https://medium.com/@nellsonx/how-to-properly-invest-in-bitcoin-blockchain-and-other-cryptocurrencies-in-2017-32d59e2ff435
https://www.weusecoins.com/bitcoin-trading/
https://steemit.com/bitcoin/@maxmonroe/top-10-tips-for-new-crypto-traders
3. When you are buying make sure you analyze carefully the reasons why the coin is an opportunity. Does the colin have some competitive advantage? Or are you buying merely because of a chart or emotionally driven hype ?
Best of luck to you!
Is trading hard?
I want it to come from the people who actually trade who experience trading I myself just read from goggle and some websites. Please do share some experiences and lost of money and earnings.
What do you called this? struggles yeah thats its struggle of traders.
I dont call it as a struggle, struggle is something that we cant change in a situatio. Trading is a challenge and its not easy. I want it to come from the people who actually trade who experience trading I myself just read from goggle and some websites. Please do share some experiences and lost of money and earnings.
What do you called this? struggles yeah thats its struggle of traders.
Experience at first of course i loss more than 100% of my profit and money comes from my wallet but i keep it learning in despite of that bad experience and now i will say that i am start recovering having a good trades and even a small profit its a profit than to lose.
Look at all the stories on bitcointalk, people gaining/losing money left and right..so yeah trading is hard lol.
of course trading is very hard,
because you need something called 'Skills','Balls', and 'Fortunes'
you need skill to predict the market,will it go up or go down.
do not randomly predict about market price,because if you're randomly predict the market you will get burned so badly.
make some sketch for every movement and make some preparation for you to buy or to sell.
after create a sketch and predicting the market,buy it or sell it.
you're afraid because of it,that is why you need it ['Balls'],do not ever let your emotion take control.
just stick to your plan and strategy,
after do it,lets hope that everything that you made will bear the fruit.
many people called it 'Fortunes'.
Note : To become an expert you need to falls multiple times,because you need to know and you need to feel it.
don't ever give up and always learn from your mistakes.
i had been burned a ton of my money just only want to know how it works
because you need something called 'Skills','Balls', and 'Fortunes'
you need skill to predict the market,will it go up or go down.
do not randomly predict about market price,because if you're randomly predict the market you will get burned so badly.
make some sketch for every movement and make some preparation for you to buy or to sell.
after create a sketch and predicting the market,buy it or sell it.
you're afraid because of it,that is why you need it ['Balls'],do not ever let your emotion take control.
just stick to your plan and strategy,
after do it,lets hope that everything that you made will bear the fruit.
many people called it 'Fortunes'.
Note : To become an expert you need to falls multiple times,because you need to know and you need to feel it.
don't ever give up and always learn from your mistakes.
i had been burned a ton of my money just only want to know how it works
•Is trading hard?
I want it to come from the people who actually trade who experience trading I myself just read from goggle and some websites. Please do share some experiences and lost of money and earnings.
What do you called this? struggles yeah thats its struggle of traders.
I want it to come from the people who actually trade who experience trading I myself just read from goggle and some websites. Please do share some experiences and lost of money and earnings.
What do you called this? struggles yeah thats its struggle of traders.
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