Rather learn to trade by yourself - page 6.

samcrypto

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Quote from: Malamok101 on October 14, 2020, 07:20:32 AM

Quote from: Vicky agarwal on October 14, 2020, 06:14:51 AM

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 learned my trading skills through books as well, so its worth reading for specially if you have limited access on internet, books can be your guide and this maybe an old style but it is still working despite of the growing technology.

There’s a lot of ways to learn how to trade, by reading books, through seminars, and youtube tutorial but don’t expect that to become an easy road for you. Trading on your own is challenging yet more profitable than to trust anyone, you have to focus on your own timeline and don’t get hype by anyones portfolio, trading is about winning against yourself and the market.

henmark

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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.

barbara44

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Quote from: Yatsan on October 13, 2020, 09:37:28 AM

This is exactly true and what people who are just new on entering this industry must understand. Instead of entrusting your funds to other people and ask for favor to trade your money for the sake of obtaining profit, better learn the basics and the process of how trading is being done for we do not know how people's mind works most specially when it comes to involvement of money which certainly even your most trusted person can fools or betray you. So to avoid such happenings to come along the process, better make yourself knowledgeable about certain things that you must learn about trading. Ensure that you are continuously making yourself learning as time goes by so that you will always be updated that you do not certainly need to ask any favor from any person to trade your money for you can already do it on your own.

I agree with some part but if one can profit better than me than why shall I bother trading myself? I mean if I am not experience enough and there is a guy who can bring better profits with his method and has some good ways of doing it, then shall I bother putting my hands in it? Yes for learning I can always make a demo account and start learning but just because I want to learn trading does not men I should miss a good investment opportunity.

Look the richest people are those who invest as well as learn like you can see Jeff Bezos who has his own company and must have all the knowledge but even he invests when he see a better opportunity. It is like if a guy plays better soccer than me then I just pay him to play for my team instead of learning soccer myself.

MWesterweele

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Quote from: glowing10 on October 14, 2020, 07:39:43 AM

Quote from: Inkdatar on October 10, 2020, 07:07:57 AM

I have some friend that rely from others and get paid to trade for them. Understand the risks in crypto as we all know price is volatile. I agree with this statement learn for yourself and trade on your own. If your money lose all you can't blame anyone the group that you paid for. This is why it is best to learn and gain knowledge, anyway you will be the one who can gained benefits for your hard work.

Its your money so the onus also lies on that person because trading in crypto is risky as it is highly volatile. So, learning and knowing is very much necessary before anyone start to trade. The more you learn and get experience better as an individual as this will help you in future to trade and you will not have to depend on anybody else for trading tips.

I know from the start that cryptocurrency was risky and so trading. We cannot blame others that they entrust their money, their token to other people which is knowledgeable in cryptocurrency rather than taking time for themselves to learn trading easily. Its not easy to trade, maybe they are afraid of getting lost their money. And im sure also that even they entrust their money to others maybe they are studying the crypto market and planning some strategic plans regarding trading.

glowing10

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Quote from: Inkdatar on October 10, 2020, 07:07:57 AM

I have some friend that rely from others and get paid to trade for them. Understand the risks in crypto as we all know price is volatile. I agree with this statement learn for yourself and trade on your own. If your money lose all you can't blame anyone the group that you paid for. This is why it is best to learn and gain knowledge, anyway you will be the one who can gained benefits for your hard work.

Its your money so the onus also lies on that person because trading in crypto is risky as it is highly volatile. So, learning and knowing is very much necessary before anyone start to trade. The more you learn and get experience better as an individual as this will help you in future to trade and you will not have to depend on anybody else for trading tips.

Malamok101

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Quote from: Vicky agarwal on October 14, 2020, 06:14:51 AM

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.

Vicky agarwal

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suggest some good books to read

dunfida

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Quote from: Kupid002 on October 14, 2020, 05:29:44 AM

Quote from: Arcas on October 12, 2020, 04:36:15 AM

It's true that it is not recommended to give money to anyone so they would trade for you since they can easily ruin your investments the best thing to do is to figure out which strategy and coins would work for you also it's important not to focus just on one coin but it's better to divide your investment to different portions. There are some tutorials available online for free where in you can learn different strategies and maybe you can figure it out which strategy suits you.

And there are also traders that instead of using it to trade they are using that money in thier own and tell to those people that trusted him that the balance is lost and I can only give small amount for now since the capital I use already wipeout with one trade. And investors can't complain if that things happen, that's the reasons why you need to learn it by your own.

Thats why its never been a good option if you do just rely your funds into someone which do claims that he do trade well because anytime those person can really ran off all the money that they had accumulated.
This had been a pretty common scheme where people neither ran the funds and vanish or would just simply tell that the market is shit and lost it all in trade.What they can do? nothing and you would just end up
on regretting that you shouldnt have invested that money and better to trade on your own.Majority will not really matter much if they dont experience loss or being scammed.Its worth to
try out things on your own than on relying into someone which is really just trying to scam out people.Also, it isnt good that you wouldnt learn on the process because you are just relying
others calls or signals.

Kupid002

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Quote from: Arcas on October 12, 2020, 04:36:15 AM

It's true that it is not recommended to give money to anyone so they would trade for you since they can easily ruin your investments the best thing to do is to figure out which strategy and coins would work for you also it's important not to focus just on one coin but it's better to divide your investment to different portions. There are some tutorials available online for free where in you can learn different strategies and maybe you can figure it out which strategy suits you.

And there are also traders that instead of using it to trade they are using that money in thier own and tell to those people that trusted him that the balance is lost and I can only give small amount for now since the capital I use already wipeout with one trade. And investors can't complain if that things happen, that's the reasons why you need to learn it by your own.

justdimin

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Quote from: Arcas on October 12, 2020, 04:36:15 AM

It's true that it is not recommended to give money to anyone so they would trade for you since they can easily ruin your investments the best thing to do is to figure out which strategy and coins would work for you also it's important not to focus just on one coin but it's better to divide your investment to different portions. There are some tutorials available online for free where in you can learn different strategies and maybe you can figure it out which strategy suits you.

Not just because others can ruin your investment but because when you invest under others for trading you basically learn nothing in the process and the profits they share with you are usually way too less as compared to what you might have earned. Also once they accumulate enough funds they will just send back your investment and trade of their own. Basically you cannot rely on others to make money for you because no one is naive enough to work for you lifetime. They will learn with your money and once they get established they will start their own.

I always trade by myself and I know at times I feel there are so many traders who have various kinds of bots, scripts and software that can generate better profits but at least when I trade myself I have learned the basics of how market movement are done. With time I will learn those bots and scripts and buy them for my trading.

Yatsan

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This is exactly true and what people who are just new on entering this industry must understand. Instead of entrusting your funds to other people and ask for favor to trade your money for the sake of obtaining profit, better learn the basics and the process of how trading is being done for we do not know how people's mind works most specially when it comes to involvement of money which certainly even your most trusted person can fools or betray you. So to avoid such happenings to come along the process, better make yourself knowledgeable about certain things that you must learn about trading. Ensure that you are continuously making yourself learning as time goes by so that you will always be updated that you do not certainly need to ask any favor from any person to trade your money for you can already do it on your own.

bitgolden

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Quote from: Arcas on October 12, 2020, 04:36:15 AM

It's true that it is not recommended to give money to anyone so they would trade for you since they can easily ruin your investments the best thing to do is to figure out which strategy and coins would work for you also it's important not to focus just on one coin but it's better to divide your investment to different portions. There are some tutorials available online for free where in you can learn different strategies and maybe you can figure it out which strategy suits you.

The thing is, even if you do trust them and you end up giving them the money and they do not steal it, there is a big chance they are not as great investors as they claim to be and that is about the biggest problem there is.

We all know there is a huge risk that if you give your money to someone, they could potentially just take that money and leave, which would be the biggest possibility but people are smart about it now, they do pick people who will not scam them better compared to previous years, but even with that, you could still give your money to someone trustworthy and they could just bankrupt you.

I have seen people who invested 100 bitcoins that went down to 80 bitcoins after just a month, dude was a legit person but he just made a horrible investment.

Arcas

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It's true that it is not recommended to give money to anyone so they would trade for you since they can easily ruin your investments the best thing to do is to figure out which strategy and coins would work for you also it's important not to focus just on one coin but it's better to divide your investment to different portions. There are some tutorials available online for free where in you can learn different strategies and maybe you can figure it out which strategy suits you.

SirLancelot

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Learning the skills for trading cryptocurrency is not easy, so that’s why some people needs to invest in the hands of some good professionals to help trade for them. Although scammers has been the ones ruining this space by pretending that they are professional that needs investors funds to trade, and when they might have gotten those investors to invest the money, they will make away with it.

Maybe you might have experienced something similar for you to be saying that. But it doesn’t mean that there are no good professionals that are doing their job and getting investors the profit they deserve. If you can’t do it, but you have the funding, as long as you can get a reliable person, then why not go with it?

militiariko

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Life is beautiful !

I don't know what anyone has stated, but nothing beats trading by yourself, you feel this genuine confidence and peace of mind when you trade for yourself with your own capital.

Mind you, a trader needs a focused mind, never collect money from people to trade for them.
Always dyor

DoublerHunter

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Quote from: bitbunnny on October 10, 2020, 03:37:45 PM

I always support idea that people learn from their own experience and that especially refers to trading. It's good to know some theory and fact about trading, to listen to experience from other but you will learn to trade only on your own, on your mistakes and winnings so don't think that any tool, bot or guru will teach you how to trade.

^ Trading on your own is a good idea, just like having your own research in trading in order for you to survive the race of trading that everyone becomes predator, not prey. But if you are using a tool by your own command, I don't see any problem with this, most especially if you can't face 24 hours your PC alone in a whole day. You need to have a bot to execute while you are in rest. Nevertheless, the trading bot is good but doesn't rely with this. Learn from your mistake and improve it, that how good traders are. Once you have a loss in trading, dont afraid to start over again, this time you are not from the scratch, you have learned and started again but with an experience.

bitbunnny

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I always support idea that people learn from their own experience and that especially refers to trading. It's good to know some theory and fact about trading, to listen to experience from other but you will learn to trade only on your own, on your mistakes and winnings so don't think that any tool, bot or guru will teach you how to trade.

acdc

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It is clear that each person needs to trade and make their own decisions. Do not listen to trading advice or give money to others to trade for. If anyone can guarantee victory in trading in the crypto markets they will trade with their own money instead of trading for others.
In the end I want to say that don't listen to groups selling trading signals, all of them are scams.

Kupid002

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Quote from: Inkdatar on October 10, 2020, 07:07:57 AM

I have some friend that rely from others and get paid to trade for them. Understand the risks in crypto as we all know price is volatile. I agree with this statement learn for yourself and trade on your own. If your money lose all you can't blame anyone the group that you paid for. This is why it is best to learn and gain knowledge, anyway you will be the one who can gained benefits for your hard work.

The problem about your friend is what if the traders lost his money are they going to blame them beacuse they lost the money they trust to traders? Of course it's not he don't have any way to complain since he is not the one who trade it . That's why he need to learn by him self to understand the risk of trading and even professional traders can also be lost so how come that you can trust fully your money to other person just because you know he is a trader.

ethereumhunter

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Quote from: Inkdatar on October 10, 2020, 07:07:57 AM

I have some friend that rely from others and get paid to trade for them. Understand the risks in crypto as we all know price is volatile. I agree with this statement learn for yourself and trade on your own. If your money lose all you can't blame anyone the group that you paid for. This is why it is best to learn and gain knowledge, anyway you will be the one who can gained benefits for your hard work.

If we can learn for ourselves, we will know how to decide related to the market conditions to make decisions based on that. We can try to improve our skills by learning so many lessons because that will be a benefit for us. We don't have to use other people's money to trade because of the risks that will always be there. When we use our money, we will be careful to decide because we don't want to lose our money.

Topic: Rather learn to trade by yourself - page 6. (Read 1270 times)