Topic: Rather learn to trade by yourself - page 7. (Read 1292 times)
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.
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I also keep shouting this, you have to trade on your own...Don't want to be fooled by investment management or brokers who promise big profits if you give them money. they are just marketing and already have a thousand reasons when losing in the market. You will only lose if you entrust your money to others. 'learn to trade on your own even if it's difficult'
How about the newbies?
How they would be able to identify a legitimate or a scam investment without relying to other people, or maybe just the information they can say or know. It is true that if we could trade by ourself, we could do that but we can't just jump to that without being a newbie first, we all went there and most of us even still rely on this forum for informations and sources.
If you manage to have been able to experience how the market could be, it could make yourself more aware of what could happen. I believe that in every trader's life, you would experience getting rekt in the market. I don't know how you would be able to determine when you are fully ready, but that's the uncertainty of traders that everyone experience.
It's going to be always risky. It's still going to be unpredictable. Be consistent with your trading, and maybe you could be successful. We cannot determine entirely how it could end up, but it's still worth exploring.
Accept the risks, and you wouldn't feel so down if you get rekt.
It's going to be always risky. It's still going to be unpredictable. Be consistent with your trading, and maybe you could be successful. We cannot determine entirely how it could end up, but it's still worth exploring.
Accept the risks, and you wouldn't feel so down if you get rekt.
Blaming yourself or others will not help to solve the problem that you have carried with. It simply you don't understand risk and how to manage it. If we keep thinking about the risk in trading, it also making ourselves think negative which you should have to stop rather than to focus on how to improve yourself. We lose, we gain, these things are not impossible in trading but traders never find risk as a hindrance to succeed instead of helping themselves to overcome this hard situation.
True enough. The majority of the difficulties most people have in trading is actually deciding or knowing when to stop/quit, when to stop being influenced by greed. The decision making required to stay calm and to exit when you profited is the most important and vital part of trading. Even if we call it a highly volatile market, it really isn't an excuse since if so, then those at stocks shouldn't be able to lose money right? But they still lose it. Traders lose money due to having failed their decision making, no matter what we call it such as luck, unfortunate, accident or whatever, a wrong decision is a wrong decision.
Even if you use the analysis of others, be sure to actually use it only as a basis, not as the core. You can even straight up ignore others' analysis, just do what you want to really do in trading. It's your own money, why would you invest based on what others have said right? Self-learners tend to lose money early on due to not knowing the ropes, but they're more than capable of recovering it if they continue on the path imo.
Even if you use the analysis of others, be sure to actually use it only as a basis, not as the core. You can even straight up ignore others' analysis, just do what you want to really do in trading. It's your own money, why would you invest based on what others have said right? Self-learners tend to lose money early on due to not knowing the ropes, but they're more than capable of recovering it if they continue on the path imo.
This is a high volatility market?
Sure, because of it's current affairs and investments (virtually unlimited) it keeps changing the market cap at any given time and moves upside down. We all know it has not control in terms of volume and in addition to this market is open 24x7 so yeah it gets that volatility from there only.
People don't understand what it means, it means the risk is very high, it can break you more than it can make you,
Last time I checked people were actually happy with it since they think other way round! Man, it's simple formula; more the risk more is the profit. Also, it is how you play in this market and not how the market plays with you. If you do strategic investments/trades it can literally bump your profits nicely.
This crypto currency market is not trade fair or Walmart market.
Trading is very risky, we just trade with risk management. Never give anybody money to trade, if it goes soar wetin u go talk.
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Trading is very risky, we just trade with risk management. Never give anybody money to trade, if it goes soar wetin u go talk.
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Everything is fair here. In fact people love the way they have gotten freedom because of the limitation free market. Moreover it has never been risk free so that call is on the trader. Even stocks and forex are risky.
That's why I don't do copy trading, making a ride or entrust fund to someone who will do trading for me. We know that we entered this risky and high volatile market, we actually learn trading by ourselves but we need to acquire proper wisdom and tools to benefit from this. This is not an easy way to make massive income, it's because we are in unstable market and it is hard to dance with the movements of it.
Rather than relying on other's trading entries, trading by yourself is the best thing to do, learning how to read technical analysis will be a great help for a typical trader, too.
Rather than relying on other's trading entries, trading by yourself is the best thing to do, learning how to read technical analysis will be a great help for a typical trader, too.
This is a high volatility market? People don't understand what it means, it means the risk is very high, it can break you more than it can make you, it's takes luck and wisdom, consistency and lesson and teachings learned about trading, coupled with discipline the individual uses to take profit.
This crypto currency market is not trade fair or Walmart market.
Trading is very risky, we just trade with risk management. Never give anybody money to trade, if it goes soar wetin u go talk.
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
Comparing this market on typical markets like Stocks and Forex then when it comes to volatility then theres no doubt that Crypto would really be on the top spot.This crypto currency market is not trade fair or Walmart market.
Trading is very risky, we just trade with risk management. Never give anybody money to trade, if it goes soar wetin u go talk.
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
Yes, its risky but its also rewarding if you done it well but not all do end up on the same fate.Majority is on big loss because they do believe that market can really help them
on getting theirselves rich or else having that kind of too high ambitions thats whyt they do end up on a failure.
Trading for yourself is the best thing to be done and of course you would need to formulate your own trading style and strategy and as long you are profitable
then you're doing the job well.
Lots of options to earn on this crypto space but this had been the pretty common suggestion.
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I also keep shouting this, you have to trade on your own...Don't want to be fooled by investment management or brokers who promise big profits if you give them money. they are just marketing and already have a thousand reasons when losing in the market. You will only lose if you entrust your money to others. 'learn to trade on your own even if it's difficult'
Learning how to trade yourself without any help is not an easy task, not many people can do it because usually it requires some lessons.
However there is a big difference between learning how to trade from other people and just trading something because others do. If you learn how to trade from books, videos and classes you will learn what to do and how to trade but if you just copy someone elses trade and do the exact trade you will never understand why you did that trade and eventually you will lose all of your money.
This is that simple saying "give a man a fish and you feed him for a day, teach a man how to fish and you feed him for a life" because if you teach people how to trade they will make their own money without you but if you just tell them what to buy you are not helping.
However there is a big difference between learning how to trade from other people and just trading something because others do. If you learn how to trade from books, videos and classes you will learn what to do and how to trade but if you just copy someone elses trade and do the exact trade you will never understand why you did that trade and eventually you will lose all of your money.
This is that simple saying "give a man a fish and you feed him for a day, teach a man how to fish and you feed him for a life" because if you teach people how to trade they will make their own money without you but if you just tell them what to buy you are not helping.
There is no trade/investment place who doesn't have a risk (high risk). But it is just for someone who doesn't know anything to trade and he force himself to trade, that is fool decision. For those who knows and have many experience to trade I think all condition market are safe for them, although they got loss they will eventually recover their losses.
As for the volatility market, I don't think that is something that should be avoided. Even, I myself prefer to trade when the volatility market is high, I can get profit/loss in no time, compared to the slow price movement is very boring, I have to sit in front of the monitor with an uncertain feeling. And until now, the low price volatility is something that I should be avoided.
As for the volatility market, I don't think that is something that should be avoided. Even, I myself prefer to trade when the volatility market is high, I can get profit/loss in no time, compared to the slow price movement is very boring, I have to sit in front of the monitor with an uncertain feeling. And until now, the low price volatility is something that I should be avoided.
Trading is very risky, we just trade with risk management. Never give anybody money to trade, if it goes soar wetin u go talk.
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
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
For me, self-learners are much more flexible and adaptive when it comes to the market situation because they experienced different ups and downs in the market. If you are willing to learn trading, you should learn if with yourself, seek advice and never ask someone to trade for you. Volatile market should be studied and overcome so that your assets will not in risks so much compared to those traders who knew nothing but trade.
I started playing with altcoins and low amounts of bankroll. Never really learned much of indicators, candlesticks, TA and the likes but I made a decent profit from just following my instincts and trying to learn the signal from noise. News also helped me formulate better decisions on my position, and allowed me to gauge the current market sentiment and draw a line from where the next movement will be. Without practice and just reading books on how to trade, one will never really know how unless they’re confronted by the real thing. Practice hones skill, and skill brings profit. Without those, you’re just a sorry trader living by the books who never made it out in the open.
Trader needs to learn discipline at first to become capable of following his own rules. If you decide to leverage at 5x but you are sure that this trade can make you 20% with 5x and then, greed knocks in and you decide to make it 10x, your risk doubles here. Do not go for more than what is decided. And always put a stop loss in this because leveraging is another type of gambling where you get the game or you go home being a loser.
Mark my words - It is not necessary to lose first to become a successful trader.
Mark my words - It is not necessary to lose first to become a successful trader.
Of course learn to trade by ourselves is a must, if we are planning to trade, because it is very important for us to have knowledge
about trading, so it will not make us wrong steps. Trading without learning beforehand is not recommended, because we will definitely
have difficulty analyzing the market. And the consequences can make us suffer losses that can make all our capital run out. And don't
follow other people's trading signals to make decisions when trading, that there we can go wrong because buying at peak prices.
Trust your own trading skills to be able to get profit from trading.
about trading, so it will not make us wrong steps. Trading without learning beforehand is not recommended, because we will definitely
have difficulty analyzing the market. And the consequences can make us suffer losses that can make all our capital run out. And don't
follow other people's trading signals to make decisions when trading, that there we can go wrong because buying at peak prices.
Trust your own trading skills to be able to get profit from trading.
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
And who are in their right frame of mind will give their money to someone and trade it for you? Unless it is a copy trading, but still there is no assurance that you can be successful. And it's our money anyways so I wouldn't blindly trust someone specially if if will involved huge amount of money. So it's better to really learn how to trade by yourself. I started my training journey with at least 0.01 BTC worth of today. It was not a success, but at least I've learn a lot from it, write down my bad experience and never did that same mistakes again.
Trade with your own money and never entrust your money to someone else because if you lose, you will be the one to suffer the losses and not them. Just keep on trading even there are losses sometimes because trading is just between making profits or losing your funds. Once you developed your own skills and strategies in trading, winning profits is not that hard to achieve.
Yes, we need to be responsible for our money and never let other people manage our money because we don't know if they can manage the money or run with our money. Staying to trade will be good for you to make money, but you must learn more about trading to improve your skills to make a profit. But we can not expect to have high trading skills in just one-night because that will need time before we can improve our skills.
It's a difficult, complex performance skill very sensitive to any inconsistencies and rookie mistakes.
What I believe is trading without knowing what you are doing is simply gambling with your money 
it's very very risky to just put money in either buy/sell order without analysing price trends for a given stock/crypto.
There is a method of copy trading though, where you can copy trade from someone who's an expert by paying a small fee to them, but yeah, it's best to learn all of it by yourself so you save the money you pay on fees and become independent in trading
it's very very risky to just put money in either buy/sell order without analysing price trends for a given stock/crypto.There is a method of copy trading though, where you can copy trade from someone who's an expert by paying a small fee to them, but yeah, it's best to learn all of it by yourself so you save the money you pay on fees and become independent in trading
Granted, crypto trading can earn you huge profits in minutes, days, and even weeks, but unfortunately you can also lose everything you've invested or traded in seconds due to volatility results.
And if you trade crypto based solely on advice from friends or whatever, you may end up losing a lot of money if it doesn't go your way and if you want to learn and listen to Expert tips and learn them as best you can you can make better decisions about market issues .
And if you trade crypto based solely on advice from friends or whatever, you may end up losing a lot of money if it doesn't go your way and if you want to learn and listen to Expert tips and learn them as best you can you can make better decisions about market issues .
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