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Topic: Rather learn to trade by yourself - page 5. (Read 1292 times)

sr. member
Activity: 1414
Merit: 326
October 23, 2020, 09:15:47 AM
#88
Yes, there are more risks and scams in running other people's business trade is much better to adopt your own strategy when learning comes to trading. learn helps to move on to the next step even if it is a losing trade is very difficult to understand what is going on in the market. if you analyze yourself well from Active in the market will increase both knowledge and skills and trade will be easier to collect new information. It is not right to believe that people give wrong information in their own interest.
sr. member
Activity: 1932
Merit: 442
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October 23, 2020, 05:22:35 AM
#87
I disagree with you.
Many new traders loss their money during the trading they carry out hoping they can do it without any help from the old trader who knows all the strategies to trade and make a good profit. Many who want to learn it by their self without the help of the old trader always loose at the end of the exchange because they lack the knowledge of trading in the market.
It's better you follow someone who know how to trade very well to impact you before you can start trading by yourself in the market.
Well, you have a point there.
There are too many tools where you can learn in trading and of course, -- if you are beginners in trading you can also use copy trade strategy in trading or using an automated trading bot is also a great tool that makes your trading easier. How many funds that you will waste just because of the trial and error strategy because of the purpose that you will trade on your own. Trade your own is good but trading with many references and tools to be used as a great advantage among others. In trading is just like a competition, you will lose if you don't have the tools to use.
member
Activity: 1120
Merit: 30
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October 23, 2020, 03:56:49 AM
#86
I disagree with you.
Many new traders loss their money during the trading they carry out hoping they can do it without any help from the old trader who knows all the strategies to trade and make a good profit. Many who want to learn it by their self without the help of the old trader always loose at the end of the exchange because they lack the knowledge of trading in the market.
It's better you follow someone who know how to trade very well to impact you before you can start trading by yourself in the market.
full member
Activity: 1638
Merit: 122
October 23, 2020, 02:33:43 AM
#85
let say you follow all the qualities that you have listed and you are trading on your own .

this dont mean that you can now make money but the point is that you are trading on your own  . you wont get scammed but you can loose .

if you lend money onto someone and say they can trade profesionaly but how come when the market is volatile ? they can loose too but what if they wont trade your money and they will scam it otherwise ? that was a more painful  feeling .
legendary
Activity: 3654
Merit: 1165
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October 23, 2020, 12:18:30 AM
#84
I think not even books or internet articles, the best way to learn about trading is actually by doing it, facing loss and then realizing what mistakes you made. Trading specially is one thing which works on reverse principle which means you first have to do it and then learn about it. Most of the things we do requires learning first but trading and since it is crypto trading requires you to start and then backtrack as you do loss and find what you could have done better.

Improve next time and learn from the mistakes you make further this way you learn and the cycle never stops, one who thinks he has learned everything about trading would never be successful in long term because we need to learn every day being a trader in crypto.
If you deny any help from anywhere else than just yourself, you are not going ot be happy with what you have, it is going to take a long time before you could get back to where you are if you do that, and that is why you should be taking some help.

However there is a difference between help and help, one of the help is getting help from studies and youtube recommended (not from youtube but from other experts) videos and basically just teachings that told by experts to newbies that could help you a lot. However if you just find a guy and he tells you to buy something and it is individual suggestion of a coin, that is not going to help you, even if that coin goes up, that is a help from the profit side but it is not a help from the learning side so you should get help but be careful about your help.
sr. member
Activity: 1876
Merit: 318
October 22, 2020, 06:52:09 PM
#83
I totally agree, we better trade by ourselves, by learning trading strategies. Instead of trusting other people to use our money for trading.
Because the results of other people's analysis are not necessarily more accurate than our own analysis. Especially now that the crypto
market is bullish, so it's a good opportunity to trade crypto right now.
hero member
Activity: 2968
Merit: 687
October 22, 2020, 06:49:07 PM
#82
Getting suggesstions, recommendation, tips to the others is not bad because for sure you will really use it in the future.
Learnjng by yourself is really good before asking question about trading you do a research but if you do not see the answers or what you are looking for you but if you do not find it that's the time that you gonna ask a professional trader because it is risky to make rush decision maybe it will result bad result.
Always come with a plan in trading for you to lessen the risk and I don’t suggest to ask someone to trade for you, it can make the market more risky and a higher chance to lose your money, also there’s a trust issue with this one. Trading on your own is very effective, especially if you already know how to control your emotion and know when to buy and sell in the market, this is a process and everyone who pursue trading will learn it on time.
Everything can be learn in a specific period of time but there are people whom do really rushed up into things and that would really result into loss.

Some do really opt out in letting others do make the trade or simply they do just give out their funds and other do the work without even thinking that theyre
doubling the risk of losing.

Trading by yourself is always preferable where it is really worth on the time spent and the money you had put up into.Yes, you might be losing but you do make
up your own learning which would really be useful into your future trades.
hero member
Activity: 2604
Merit: 816
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October 22, 2020, 06:18:38 PM
#81
Getting suggesstions, recommendation, tips to the others is not bad because for sure you will really use it in the future.
Learnjng by yourself is really good before asking question about trading you do a research but if you do not see the answers or what you are looking for you but if you do not find it that's the time that you gonna ask a professional trader because it is risky to make rush decision maybe it will result bad result.
Always come with a plan in trading for you to lessen the risk and I don’t suggest to ask someone to trade for you, it can make the market more risky and a higher chance to lose your money, also there’s a trust issue with this one. Trading on your own is very effective, especially if you already know how to control your emotion and know when to buy and sell in the market, this is a process and everyone who pursue trading will learn it on time.
Not many traders come with their plan and know what they need to do related to trade. Trading requires the discipline to learn, needs time, and when you make a plan about trading, you don't have to worry if making a mistake because no one will have high skills in their beginning.

When you can learn and have experience in trading, you can minimize the risk, and you will be able to manage your money. That is important to do because without money management and have a plan, you will not make a profit, but you can lose your money.

Trading attracts many people to come and try, but the mistake is they are not learning what is necessary, and directly to buy any coin without analyzing what the potential coins. They think that they just need to buy the coin and don't analyze the coin, and they don't need anything except waiting for the price increase.
full member
Activity: 2086
Merit: 193
October 22, 2020, 04:29:43 PM
#80
Getting suggesstions, recommendation, tips to the others is not bad because for sure you will really use it in the future.
Learnjng by yourself is really good before asking question about trading you do a research but if you do not see the answers or what you are looking for you but if you do not find it that's the time that you gonna ask a professional trader because it is risky to make rush decision maybe it will result bad result.
Always come with a plan in trading for you to lessen the risk and I don’t suggest to ask someone to trade for you, it can make the market more risky and a higher chance to lose your money, also there’s a trust issue with this one. Trading on your own is very effective, especially if you already know how to control your emotion and know when to buy and sell in the market, this is a process and everyone who pursue trading will learn it on time.
hero member
Activity: 2534
Merit: 605
October 22, 2020, 04:24:49 PM
#79
Getting suggesstions, recommendation, tips to the others is not bad because for sure you will really use it in the future.
Exactly and a fast mover doesn't make mistakes to learn from them instead he watches others make mistakes and learn from them. If you start learning with only your own mistakes then soon you will end up having so much loss that you cannot ever recover it.

Learnjng by yourself is really good before asking question about trading you do a research but if you do not see the answers or what you are looking for you but if you do not find it that's the time that you gonna ask a professional trader because it is risky to make rush decision maybe it will result bad result.
I cannot think of a professional trader in our crypto community because people who are experts will never do any kind of marketing instead they keep earning themselves and it is hard to find a trusted source for advice or training and those guys on youtube are all idiots.
sr. member
Activity: 2366
Merit: 332
October 22, 2020, 06:27:21 AM
#78
suggest some good books to read

I can't understand what kind of book you mean to read but this is a trading discussion, so I can think you are referring to book relating to trading. I suggest to you to go study babypips.com
That you can have basic knowledge of trading.
legendary
Activity: 1708
Merit: 1280
Top Crypto Casino
October 22, 2020, 05:06:50 AM
#77
As we expect the number of people may increase due to an increase in the bitcoin price. Expect some members will try their luck again through trading. If you are one of these are you sure that you will continue?

Make a validation to your self first.
1. Do you know about trading?
2. If yes how's your capability to make a trade?
3. When is your last trade?
4. Do you win most of your trade?
5. You can afford to trade?
hero member
Activity: 2562
Merit: 586
October 22, 2020, 04:16:52 AM
#76
suggest some good books to read

Books not worth it to read by trading, Of course internet is the most good thing to search by starting a trading books will be old and internet will be the present time you can see to search and day by day you can manage.
I think not even books or internet articles, the best way to learn about trading is actually by doing it, facing loss and then realizing what mistakes you made. Trading specially is one thing which works on reverse principle which means you first have to do it and then learn about it. Most of the things we do requires learning first but trading and since it is crypto trading requires you to start and then backtrack as you do loss and find what you could have done better.

Improve next time and learn from the mistakes you make further this way you learn and the cycle never stops, one who thinks he has learned everything about trading would never be successful in long term because we need to learn every day being a trader in crypto.
hero member
Activity: 1274
Merit: 513
October 21, 2020, 06:55:42 AM
#75
Getting suggesstions, recommendation, tips to the others is not bad because for sure you will really use it in the future.
Learnjng by yourself is really good before asking question about trading you do a research but if you do not see the answers or what you are looking for you but if you do not find it that's the time that you gonna ask a professional trader because it is risky to make rush decision maybe it will result bad result.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
October 21, 2020, 06:21:49 AM
#74
This crypto currency market is not trade fair or Walmart market.
When I saw the bolded, I suspected where OP could be speaking from. And then I saw the one below 👇and realized my hunch wasn't wrong, after all.

if it goes soar wetin u go talk.
Naija, I hail thee! Area!


Best is to learn the exact process or strategy, and trade for yourself, than give your money to someone to trade for you in a very high volatile market
This, on a serious note, goes with the axiom — Teach me how to fish, and not give me fish. It's very important doing it on one's own even when the learning process is daunting and herculean. Acquire the set skills for trading and you won't have to live in want for life.
hero member
Activity: 3052
Merit: 651
October 20, 2020, 09:01:46 AM
#73
there is a famous phase in crypto trading DYOR ( do your own research )

It's not just research. Never trust your money to anyone.
I think that is the point of OP.
Trade by yourself. Learn everything on your own so that you won't regret anything if something wrong will happen.

The better part if you lose is the experience.
You cannot get that when you just let people trade for you.
legendary
Activity: 3248
Merit: 1179
October 20, 2020, 07:16:43 AM
#72
there is a famous phase in crypto trading DYOR ( do your own research )

Learn to do it yourself! If you don't learn how to do your own research, how to trade by yourself, you will always relay on others, third party services, and you will depend on them. The beauty of crypto is in that, to do things alone, and to do it how you want it and whenever you want.
It's important to know how to learn on your own, when changes comes it will be easier for you to adapt. One good quotation about it I totally agree with:

jr. member
Activity: 686
Merit: 1
October 20, 2020, 04:40:03 AM
#71
there is a famous phase in crypto trading DYOR ( do your own research )
sr. member
Activity: 2828
Merit: 344
win lambo...
October 19, 2020, 06:17:05 PM
#70
This is what I've got from a quote.
Quote
The question should not be how much I will profit on this trade!
The true question is; will I be fine if I don't profit from this trade."

– Yvan Byeajee

Have we felt comfortable in trading? A question that we need to answer before we continue risking our money and wasting our time.
Do we think trading is an easy job?  No, no one will say that but instead hearing many from them that trading is risky and possibly you'll lose any time of the day.

We have to know the fact that trading isn't for everyone.
full member
Activity: 333
Merit: 103
October 19, 2020, 04:46:01 PM
#69
I have never given anybody my money to trade for me before, no matter how good they claim to be.
I have received several messages in the past from people who are claiming to be very good at trading and claim that if I should invest the money in their hands they are going to use it to make lots of money for me.

I never trusted any of them. Even if I have no skills in trading, I would just go with HODL and not stress my mind by giving my money to people I don’t trust. At the end you will start hearing different stories about your money.


It's not a correct one,if you gave the money to another person to do trade.It's yours money,even if you had loss it no problem.From that you will learn,how to do trade.Trading is all about the experience.I had gained 500$ with the investement of 200$ from this trading and loss some value when the market is down away.
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