Risks to consider before trading? - page 7.

iMark

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Quote from: Indrawan77 on June 20, 2019, 08:38:50 AM

Quote from: bobsav2121 on June 18, 2019, 07:50:23 AM

Don't trade mate. Long-term investing is a smarter choice.

Trading could be more profitable than investing and in trading you can predict more and more accurate when you got the knowledge and the experience, so trading is a smarter choice but it need times to make profit, I think there are alot of things to consider, starting from yourself you need to be diligence to learn, collecting the information and need to time to learn

it could be, because you can get multiple benefits in a short amount of time, while holding you just get profit once for a long time. but of course the risk in trading will be far greater than holding, you need deeper knowledge and are clever in strategies to read the market first, otherwise you will only gamble on trading

BUK2016

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Knowing all the risk before you commence trading crypto currency is one this thing and above all is for you to really know how to trade is one the most important thing one need to consider before you start the trading journey.

Shenzou

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Quote from: timcook on June 18, 2019, 07:06:02 AM

Any other risks that I should be aware of before fully immersingm yself into trading crypto?

https://cryptotradernews.com/investing-trading/top-5-risks-to-consider-before-beginning-your-trading-career/

Let me know please, want to get as much help as possible!

Knowing the risks is not the only thing that you have to keep in mind before jumping into trading crypto, you have to be aware of how the process of trading goes and when and how you should approach it, new traders lack experience and to get that experience you are bound to lose trades and so money, which is one of the risks that you should consider and you should also consider not giving up if you lose you just have to keep on going and eventually it will pay off.

Mahanton

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Quote from: cryptotradernews on June 18, 2019, 07:26:05 AM

1 - understand that you are in a crazy ass market

I do appreciate this on point reply that's why even if its short I do merit out this one.Its pretty true that the main
risk you should be aware of is you should understand on how this market moves.One false move then you might possibly
able to experience negative portfolio and would leave you hanging for long time until the market recovers.

bitbunnny

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Quote from: davinchi on June 20, 2019, 12:43:04 PM

There are no much risk in trading provided you have the right skill, knowledge and strategy, and secondly, if you are not greedy and you are able to use your risk management functions, then you are completely good to go.

The only risk in trading is still a little bit associated with exchanges, you have to ensure that the exchange you are using will be fast enough to be able to execute your order as fast as possible, because poor execution could lead to total loss of trade, and I think you have to also ensure that the exchange has very low trading fee and no hidden fee that could always take your profit if you are the type that trades with low profit.

I agree that exchanges could be the risk because of everything you have said and also security issues.
Still besides that trading brings certain risks no matter the experience and knowledge and time spent in the market. Some things can't be predicted and some amount of loss is inevitable sooner or latter. But the most important thing is how you deal with loss and do you have a back up strategy.

davinchi

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There are no much risk in trading provided you have the right skill, knowledge and strategy, and secondly, if you are not greedy and you are able to use your risk management functions, then you are completely good to go.

The only risk in trading is still a little bit associated with exchanges, you have to ensure that the exchange you are using will be fast enough to be able to execute your order as fast as possible, because poor execution could lead to total loss of trade, and I think you have to also ensure that the exchange has very low trading fee and no hidden fee that could always take your profit if you are the type that trades with low profit.

kamudd

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Always consider which steps you will take because in the crypto world you can get everything but also lose everything. So keep trading with always considering risks.

seleme

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Quote from: Polyxchange on June 18, 2019, 05:03:39 PM

In addition to that article:

3.1. Distributed exchanges (DEX) are hackable too.
3.2. Even in a cold wallet, your assets can be a hot target for attacks.

6. Be careful when trading new forks or shitcoins.
7. At first, do not try margin trading.

Online trading platforms are not safe at all but I prefer to trade decentralized markets compared to the centralised markets.
I don't agree with second statement about hardware wallets, it is not possible to hack without physical access to the wallet itself. Only malicious software installed hardware wallet can send the data to the another server.
Margin trading is not for everyone especially for beginner traders.

omonuyak

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It is very important you know that you can have all your capital wipes out in a single trading decision and that means trading is a way of losing money especially if you have little knowledge or no knowledge on how it works. Remember also that over 98% of traders lose money and if you are not among the remaining 2% then you should expect to lose money.

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Quote from: Indrawan77 on June 20, 2019, 08:38:50 AM

Quote from: bobsav2121 on June 18, 2019, 07:50:23 AM

Don't trade mate. Long-term investing is a smarter choice.

Trading could be more profitable than investing and in trading you can predict more and more accurate when you got the knowledge and the experience, so trading is a smarter choice but it need times to make profit, I think there are alot of things to consider, starting from yourself you need to be diligence to learn, collecting the information and need to time to learn

it will come down to your choice of the market!
if your choice is the bitcoin market then you are correct, with experience and some time you can make better profit trading bitcoin at some points but investing in it is still very profitable. for example this year alone price has gone up nearly 200% only in 6 months!!!
but if the choice is the altcoin market then you are out of luck because although experience helps a lot but it won't be enough to help you make easy profit since the altcoin market is completely manipulated.

Indrawan77

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Quote from: bobsav2121 on June 18, 2019, 07:50:23 AM

Don't trade mate. Long-term investing is a smarter choice.

Trading could be more profitable than investing and in trading you can predict more and more accurate when you got the knowledge and the experience, so trading is a smarter choice but it need times to make profit, I think there are alot of things to consider, starting from yourself you need to be diligence to learn, collecting the information and need to time to learn

el kaka22

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In the list there are countries I personally know that looks legal but not totally legal just yet. The one I know made bitcoin into legal law as the gaming currency and made it legal to exchange like them but that doesn't put the bitcoin to another legal way different from others all by itself but put it on wow gold level.

You can purchase gold wow from someone and sell wow gold to someone in the game and the country sees this legal as much as buying bitcoin and selling bitcoin, we all know there is a whooooole lot of difference between those two things.

Just because its "legal" doesn't mean there are laws just for bitcoin. However the number one is very true, we had bitcoin go from 3k to 20k in 2 months, then go from 20k to 6k in couple months and went from 6k to 3k in a week and stay there for months then go up to 9k now in just few months, volatility is very very important aspect of it.

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Quote from: timcook on June 18, 2019, 07:06:02 AM

Let me know please, want to get as much help as possible!

You are not likely fit for trading

Well, there is in fact a small chance that you are (let's not discard this possibility altogether), but the majority of people are definitely not. I don't know what's written in those 5 risks to consider before starting your trading career but I'm certain that the major risk is not mentioned there. And this risk is that most people are not very good for trading overall and will never be. Actually, it is the same risk that follows us everywhere in life and that explains why we make the same mistakes over and over again

Most of us most of the time are making decisions based on emotions, and while in real life it doesn't necessarily have devastating consequences (after all we've been relying on our decision making machinery for thousands of years), mistakes in trading are fatal. The point is, under the stress of trading you will be making mistakes no matter how hard you believe that you will not. In a sense, mistakes are hard-wired in us and that's why only a few people have a proper mindset to succeed at trading

TIDOVEE

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the dangers around it is what we are to consider first to know how to literally tackle and the greatest fears is lose. this is minimized by proper study of the scale/market trend for accurate trade timing. one other thing i know is worth being cautious of is error of wrong account code. with this one may also lose coin during trading.so, proper verification of number should be ensured.

jrrsparkles

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Keeping your money in the form of crypto currency itself a risk because the prices keeps varies from minute to minute.

For trading you need to make sure that you will have enough time in your busy schedule to do the trading with strategies and also the profit margin,if you set high profit margin the risk also will be too high.

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Quote from: Cherylstar86 on June 18, 2019, 08:59:43 PM

Quote from: dark08 on June 18, 2019, 06:17:13 PM

Emotion is your one enemy in trading and experience in your way to learn trading if you surpass your emotion and make your own strategy Im your your journey to trading will be success.
Upon reading the article that you mentioned above this is good to know and apply to your trading risks management is important to trading.

Trading is too risky, everyone had suffered and try to surpass the inconveniency that affect emotions and plans on creating sensible strategy. But through experience we can manage and control the possible outcome in trading. And always lift up with confidence and positivity to conquer consequences.

I think the OP has said that trading has risks but from the risk you can get very much profit when you can deal with that risk, when you are trading you don't have to worry about thinking about the risks, make trading as a place of long-term savings, meaning you are trading using money that is not being used too much and after that you can wait until the price goes up by opening a sell order at a very high price so you don't miss to sell at expensive prices.

iqlimasyadiqa

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Quote from: dark08 on June 18, 2019, 06:17:13 PM

Emotion is your one enemy in trading and experience in your way to learn trading if you surpass your emotion and make your own strategy Im your your journey to trading will be success.
Upon reading the article that you mentioned above this is good to know and apply to your trading risks management is important to trading.

Emotions are things that become a major problem when we are going to trade, because when we cannot control emotions we will only be shackled in a very difficult situation. Arrange our emotions as well as possible and do not occasionally make a decision without considering various things to analyze.

If we can defeat emotion, we will be at the forefront of success !!!

ufaiz50

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Quote from: timcook on June 18, 2019, 07:06:02 AM

Any other risks that I should be aware of before fully immersingm yself into trading crypto?

https://cryptotradernews.com/investing-trading/top-5-risks-to-consider-before-beginning-your-trading-career/

Let me know please, want to get as much help as possible!

That's right these five risks must be considered for new users and want to enter the world of cryptocurrency trading, newbies tend to be easy to panic and dependence on signals given by others without their own analysis. in addition to market manipulation that is difficult to know, even if the manipulation itself is true or not, besides is being careful about FUD information.

tonyja2017

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Quote from: timcook on June 18, 2019, 07:06:02 AM

Any other risks that I should be aware of before fully immersingm yself into trading crypto?

https://cryptotradernews.com/investing-trading/top-5-risks-to-consider-before-beginning-your-trading-career/

Let me know please, want to get as much help as possible!

I think that is the knowledge and interests of each person. If you really like trading and making money from this field, congratulations, you will easily make a lot of money in the crypto market.
but if you have no inspiration or are not suitable for trading, I recommend you only hold top coins at CMC.
Besides, you also need to have basic knowledge of financial and economic management. The success in investment depends on a lot of knowledge.

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Quote from: timcook on June 18, 2019, 07:06:02 AM

Any other risks that I should be aware of before fully immersingm yself into trading crypto?

https://cryptotradernews.com/investing-trading/top-5-risks-to-consider-before-beginning-your-trading-career/

Let me know please, want to get as much help as possible!

what you need to control is greed and mastering the levels of risk. that's my sincere advice because I used to lose more than $ 2k7 for my greed. It was my first investment and I had to receive a bitter defeat.
Always keep a cool head and always be alert in evaluating your business and buying time.

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