Several newcomers were given false information about how crypto could alter their lives, which led them to assume that they could make quick cash by just trading their money in the market or believing in a signal from someone claiming they could become wealthy by trading at them. They must understand that they are dealing with unforeseen circumstances, therefore we must maintain our attention and gather all the necessary data to be better prepared to trade coins on the market. Since you pointed out, even seasoned traders lose all of their money due to poor selections they make, they shouldn't feel at ease knowing the fundamentals.
They may gamble on trading that it will make them rich overnight , Moreover, trading in this way can be called a kind of gambling because despite not having any knowledge for trading, not being able to read how the handles are ups and downs, moreover, trading without knowing the basics means just leaving it to luck and investing in the hope of profit.So don't keep in mind that only profit will be made in trading, first get good knowledge about this and then try. 
Topic: My advice If you are here to make money (Read 1458 times)
easy to say but its really hard to applied,I understand emotions can't be used when trading because you won't be able to control them, but if we are proficient, I think making consistent profits every day is not difficult.
Just like on what you had said on your first sentence that it would really be that easy to say but it is really that hard to be done specially when you are already on that actual situation on whichyou cant really be able to assure out that you could really be having consistent profit specially here on trading space.Even veterans or professionals couldnt really be having that kind of
of conditions on making money which losses are inevitable still.The advantage is that when it comes to situation handling then these fellas does know on what to do if ever they do
encounter some common situations or scenarios.Making money is never been easy and simple on this unpredictable market.
Several newcomers were given false information about how crypto could alter their lives, which led them to assume that they could make quick cash by just trading their money in the market or believing in a signal from someone claiming they could become wealthy by trading at them. They must understand that they are dealing with unforeseen circumstances, therefore we must maintain our attention and gather all the necessary data to be better prepared to trade coins on the market. Since you pointed out, even seasoned traders lose all of their money due to poor selections they make, they shouldn't feel at ease knowing the fundamentals.
easy to say but its really hard to applied,I understand emotions can't be used when trading because you won't be able to control them, but if we are proficient, I think making consistent profits every day is not difficult.
Many people who enter here especially to earn money with trading is that they do not give up, but yes, do not give up if you study the market enough, what you can do is read a lot about trading, but not technical analysis but also of how to understand or comprehend the market, if a person is studious, he knows that a book will give him more wisdom than an academy will not, not concentrating on technical analysis is an option, when a person knows how to analyze the trading system of how to As the market moves, it is easier to use technical analysis to make decisions more precise, so I see these things that way, my advice is to study and read books before trading.
You wouldn't care in all of this when you are really that tending to hold for long term.If you do decide to go for short term calls then getting in would be your main concern.All of us here on this market is really here for money on which it would really be that impossible for us not to do our best on dealing it up specially with volatility.There's no way that you could really not able to think and this is our main priority on why we are here.
It is really just that you shouldnt really make yourself greedy and dont make yourself in a rush because this would create lots of mistakes and errors which would causes up losses.
There's no way for us to be a perfect investor which losses are inevitable, thing here is that you do know on what you are doing.
If we make a simple analogy, we can assume that we have a great advantage, that the safe action is bitcoin, and that we just have to buy and that's it, follow-up and a lot of patience, and since bitcoin does not take that many years to rise, it is likely that we will see very good results in a short time, we don't know, it may be like a lottery, but it is a great prize.
Even the best traders have bad trading days.
Yes, of course the best traders have bad days. There are many traders who can make predictions on trading platforms. Sometimes all those traders also have to fall into bad situations. The market does not always influence the analysis, sometimes it is influenced very badly. I have personally seen that many times after taking the trading from the market one has to suffer a lot of losses and it takes a long time to recover from those losses. So trading platforms can never guarantee that you will never incur losses. 
You forgot mention very important point here and that's: stay away from the ponzi schemes. Crypto space is full of that and you wont believe how one gets deceived into the grim unreal world of investments. Bitcoin followed by other currencies were actually meant to relieve the stress of centralized burden of transactions from the shoulders of user.
However, soon few of the people started turning it into the business models of making quick money. Whether it is ICO sales, cool graphical roadmaps, utility coins, or whatever that lures people, had scam scheme one another after one.
Back then also we had such advice topics but somehow there is always that one new person who gets scammed, Better learn from the mistakes of everyone who shares their bad events.
However, soon few of the people started turning it into the business models of making quick money. Whether it is ICO sales, cool graphical roadmaps, utility coins, or whatever that lures people, had scam scheme one another after one.
Back then also we had such advice topics but somehow there is always that one new person who gets scammed, Better learn from the mistakes of everyone who shares their bad events.
Good to point that out since ponzi is always there to circulate around this market, there are many different ways that scammers will offer to bring interest to both newcomers and old timers. They are good in alluring people most for those who are aiming for quick benefits, they are willing to take the risk for a quick outcome.
Scammers will introduce new sets of ideas, having a deeper knowledge of how they promote this kind of business is really important, basing things with experienced either your own or with someone who got scammed.
Although for a long time every time I went to BTC futures I took losses otherwise not losses but profits were not much due to slow movement.Still I am heavily dependent on BTC because cryptocurrency BTC has created a position to which all other tokens or coins move.Your choice of coin or project will have a major impact on how this plays out It would be necessary for you to embrace all potential danger up front or whatever you might run across along the way if you were truly going or seeking the money.
You forgot mention very important point here and that's: stay away from the ponzi schemes. Crypto space is full of that and you wont believe how one gets deceived into the grim unreal world of investments. Bitcoin followed by other currencies were actually meant to relieve the stress of centralized burden of transactions from the shoulders of user.
However, soon few of the people started turning it into the business models of making quick money. Whether it is ICO sales, cool graphical roadmaps, utility coins, or whatever that lures people, had scam scheme one another after one.
Back then also we had such advice topics but somehow there is always that one new person who gets scammed, Better learn from the mistakes of everyone who shares their bad events.
The cryptoccurrency seen is crawlin with Ponzi schemes left and right, and you need to be on the lookout for these shady characters. Dont fall for snake-oil salesmens phony promises of insane returns with no risk. My dad, that's a dead givaway of a Ponzi scheme.However, soon few of the people started turning it into the business models of making quick money. Whether it is ICO sales, cool graphical roadmaps, utility coins, or whatever that lures people, had scam scheme one another after one.
Back then also we had such advice topics but somehow there is always that one new person who gets scammed, Better learn from the mistakes of everyone who shares their bad events.
A lack of transparency is another red flag to be on the lookout for. If the people behind the investment are keeping things quiet about how things work, or if they are not providing you with the information you require, this is a major red flag. Legitimite investments are open and transparent about their returns, so dont let anyone fool you.
Remember, if somethin appears to be too good to be true, it probably is. Alwayss doo your homework and thoroughly research any investment opportunity before handin over your money. Keep it safe out there, homies!
You forgot mention very important point here and that's: stay away from the ponzi schemes. Crypto space is full of that and you wont believe how one gets deceived into the grim unreal world of investments. Bitcoin followed by other currencies were actually meant to relieve the stress of centralized burden of transactions from the shoulders of user.
However, soon few of the people started turning it into the business models of making quick money. Whether it is ICO sales, cool graphical roadmaps, utility coins, or whatever that lures people, had scam scheme one another after one.
Back then also we had such advice topics but somehow there is always that one new person who gets scammed, Better learn from the mistakes of everyone who shares their bad events.
However, soon few of the people started turning it into the business models of making quick money. Whether it is ICO sales, cool graphical roadmaps, utility coins, or whatever that lures people, had scam scheme one another after one.
Back then also we had such advice topics but somehow there is always that one new person who gets scammed, Better learn from the mistakes of everyone who shares their bad events.
Many people who enter here especially to earn money with trading is that they do not give up, but yes, do not give up if you study the market enough, what you can do is read a lot about trading, but not technical analysis but also of how to understand or comprehend the market, if a person is studious, he knows that a book will give him more wisdom than an academy will not, not concentrating on technical analysis is an option, when a person knows how to analyze the trading system of how to As the market moves, it is easier to use technical analysis to make decisions more precise, so I see these things that way, my advice is to study and read books before trading.
The book can give basis but the actual experienced will give you the right understanding with how the market works and how it can bring you the money that you are aiming to earned, it's not easy but things are doable if you are keen to succeed from this venture, there are many available channel where you can find information that can be added to be a good basis when starting your investment or your trading activities.
Many people who enter here especially to earn money with trading is that they do not give up, but yes, do not give up if you study the market enough, what you can do is read a lot about trading, but not technical analysis but also of how to understand or comprehend the market, if a person is studious, he knows that a book will give him more wisdom than an academy will not, not concentrating on technical analysis is an option, when a person knows how to analyze the trading system of how to As the market moves, it is easier to use technical analysis to make decisions more precise, so I see these things that way, my advice is to study and read books before trading.
You wouldn't care in all of this when you are really that tending to hold for long term.If you do decide to go for short term calls then getting in would be your main concern.All of us here on this market is really here for money on which it would really be that impossible for us not to do our best on dealing it up specially with volatility.There's no way that you could really not able to think and this is our main priority on why we are here.
It is really just that you shouldnt really make yourself greedy and dont make yourself in a rush because this would create lots of mistakes and errors which would causes up losses.
There's no way for us to be a perfect investor which losses are inevitable, thing here is that you do know on what you are doing.
Many people who enter here especially to earn money with trading is that they do not give up, but yes, do not give up if you study the market enough, what you can do is read a lot about trading, but not technical analysis but also of how to understand or comprehend the market, if a person is studious, he knows that a book will give him more wisdom than an academy will not, not concentrating on technical analysis is an option, when a person knows how to analyze the trading system of how to As the market moves, it is easier to use technical analysis to make decisions more precise, so I see these things that way, my advice is to study and read books before trading.
Reading the book and keep research or analyze how to be success in trading I don't think enough, there are not matter with how expert you are for predicting about Bitcoin or altcoin price always get loss from whales speak up. Waste all your chart checking every time when whales make good or bad news about cryptocurrency and have bigger impact price later.I don't waste my time reading the book and learning technical or analysis about how Bitcoin and altcoin price later, I am waiting when have drop values about fewest percent is the moment buy back and take profit about 4% until 8% without waste time keep researching only without any try for investing.
Many people who enter here especially to earn money with trading is that they do not give up, but yes, do not give up if you study the market enough, what you can do is read a lot about trading, but not technical analysis but also of how to understand or comprehend the market, if a person is studious, he knows that a book will give him more wisdom than an academy will not, not concentrating on technical analysis is an option, when a person knows how to analyze the trading system of how to As the market moves, it is easier to use technical analysis to make decisions more precise, so I see these things that way, my advice is to study and read books before trading.
I think that this thread has been widely read by many people, because in part everyone wants to make money, whoever is here in the forum and says that they do not want to make money, and that they are only here to be enthusiastic or something is a big lie Of course there will be millionaires who are for that reason, but in percentage it is not like that, it should be 1% perhaps at best, but everyone here sees a magical way to see if they can make money, and I think that money can be made , but not from one day to the next, but having enough time and patience to do it, this is something that can be achieved if you trade but I think you should wait at least 5 years with few but consistent money inflows.
Agreed as a maximum of people wait for a miracle to become millionaires such as holding shitcoins and expecting it can boom to 100$ and I am going to be Millionaire. Actually, this category of people use to live in their comfort zone and dear if you can't trigger your comfort zone then you can't make money. I crypto, as you advise time, is money and Yes you have to wait for some results but 5 years I think it can be 2 years if you are well aware and consistent in the crypto market a single Cycle Bear to Bull run can return you as much you are expecting higher the bid higher the profit.
I am not aware of what people are suggesting to each other but I think sometimes you need to be lucky and sometimes you need to be patient but consistency is important in both.
The most important thing I advised to pay attention to is the need for training. I advise you not to forget to give this time. Because otherwise the result may not be the most positive.
Training and that's to add for the experience.Those that are good and got enough money and are able to make money through trading, they've trained through their experience. And they make every loss that they've made into a big lesson.
You need to have something back with those losses for you to learn and that's needed as you trade and want to make money off it.
I know that there are few day traders that rely on trading but, there will be times that they don't have to make a profit within the day because the market isn't on their favor so, they have to wait and look for some other day to profit with their trades.
That's possible, it's not easy to gain profits from time to time but the chance that you will have more winning trade than losing if you understand how the market works and how you will take advantage of your good knowledge when anticipating the next market movements, it's not many that have this capability but there are some quiet traders who can earned with day trading and enjoying how they make some good money maker for their investment.
market movements are difficult to predict and in-depth analysis is needed which is not easy to do,
having a lot of experience seems to help to make a profit with day trading.
I think that this thread has been widely read by many people, because in part everyone wants to make money, whoever is here in the forum and says that they do not want to make money, and that they are only here to be enthusiastic or something is a big lie Of course there will be millionaires who are for that reason, but in percentage it is not like that, it should be 1% perhaps at best, but everyone here sees a magical way to see if they can make money, and I think that money can be made , but not from one day to the next, but having enough time and patience to do it, this is something that can be achieved if you trade but I think you should wait at least 5 years with few but consistent money inflows.
The most important thing I advised to pay attention to is the need for training. I advise you not to forget to give this time. Because otherwise the result may not be the most positive.
Training and that's to add for the experience.Those that are good and got enough money and are able to make money through trading, they've trained through their experience. And they make every loss that they've made into a big lesson.
You need to have something back with those losses for you to learn and that's needed as you trade and want to make money off it.
I know that there are few day traders that rely on trading but, there will be times that they don't have to make a profit within the day because the market isn't on their favor so, they have to wait and look for some other day to profit with their trades.
That's possible, it's not easy to gain profits from time to time but the chance that you will have more winning trade than losing if you understand how the market works and how you will take advantage of your good knowledge when anticipating the next market movements, it's not many that have this capability but there are some quiet traders who can earned with day trading and enjoying how they make some good money maker for their investment.
Trust me, old investors will also keep losing money. Traders lose money all the time, and it's a known statistic in all types of trading markets that the majority lose money.
I did not say that ALL investors lose money, I said traders lose money all the time (this doesn't mean some don't make profit). I was responding to someone who said new investors lose money, but I point out that even old ones do, and all the time. If you're an exchange owner, I guarantee every time you open your dashboard, nett is traders lose.
The moment you open a trade you lose (fees, commissions, spread). You always have to close a trade at a better price you bought/sold.
If you knew why you lost, then you would not repeat that too frequently, but even if you are a veteran trader and traded for years, you will have moments where you make a bad trade. It's just the way the market works, nobody can be perfect.
The most important thing I advised to pay attention to is the need for training. I advise you not to forget to give this time. Because otherwise the result may not be the most positive.
Training and that's to add for the experience.Those that are good and got enough money and are able to make money through trading, they've trained through their experience. And they make every loss that they've made into a big lesson.
You need to have something back with those losses for you to learn and that's needed as you trade and want to make money off it.
I know that there are few day traders that rely on trading but, there will be times that they don't have to make a profit within the day because the market isn't on their favor so, they have to wait and look for some other day to profit with their trades.
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