Topic: The hard Truth - page 2. (Read 1930 times)
Yes, the cryptocurrency market doesn't look so "friendly". Although it is full of opportunities to make money, it can also make you bankrupt overnight!
This is why trading is totally risky and if you do day trading this will likely bound to happen. Losses are truly inevitable so we should be emotional ready to cope with it. I suggest that you should try swing trading because mostly of the whales are on it and having at least a 2% profit will be good.
Then why do they are a lot of successful traders existing if 10% of them have the succeeding rate? If you say that 90% of the traders experienced loss then i would believe you. Trading is the best way to earn passive income. But if it is true, can you post some data about it. Im kind of bit interested.
There is no easy job for us to make a profit, but we should not focus on weaknesses, take advantage of the opportunities we have for the most potential projects. selected
of course investments is a risky thing you must be knowledgeable for you to become a successful in investing. and always make research about investment on how you boost your confidence and at the same it can grow your knowledge about investments. take risk and always have patience because patience is a virtue. good things will come for those who wait patiently.
Investing in cryptocurrencies is always accompanied by huge risks, because the market here is affected by many factors, but here you can rely on many ways to make a profit, such as a bounty mission!
Every investment you make is a risk because not every coin in the market has the capability of growing so all you can do is read its platform to determine if it was profitable before investing a huge amount.
Throughout my trading education(self-learning) most contents I read or watch regarding crypto trading states it point blank that "about 90% of crypto traders lose their funds"in the cause of trading.
This has somehow made me lose interest in learning to trade. Does this mean, that as a new trader or even the professionals have a marginal percentage of being successful in crypto trading? if your answer is no, then I guess there is rules or ethics you abide by that has made you successful in most of your trading.
I would be glad if members could share with us some of their tips and guides they've adopted in trading. I think good submissions will be of help to most people in this forum.
Thanks in advance!
This has somehow made me lose interest in learning to trade. Does this mean, that as a new trader or even the professionals have a marginal percentage of being successful in crypto trading? if your answer is no, then I guess there is rules or ethics you abide by that has made you successful in most of your trading.
I would be glad if members could share with us some of their tips and guides they've adopted in trading. I think good submissions will be of help to most people in this forum.
Thanks in advance!
You know trading is really like gambling. If you can't afford to learn about how to stop loss you won't make money there. One more thing, you need to work on what coin to trade. With the volatility of the market every trader I know hates how the price of a coin is fluctuating to be on this hour very high and some other hour very low. Plus you really need to consider the project's ability to please its community.
I do believe that it can be true, that 90 percent of people lose their funds. There are many people in the world that have required knowledge for trading but are not successful or are successful but in smaller range.
Do not lose hope because of that, maybe you are good in it, having natural gift for the matter and with some education you could be in that ten percentage of people. Marginal profit is pointless for small investment but is more than okay with bigger ones.
Since I don't have much experience in trade I could only say that you'll have to gain knowledge, learn, gain experience by trading(it is very important, you will have clearer picture of everything that is going on)get informed on daily level.
Do not lose hope because of that, maybe you are good in it, having natural gift for the matter and with some education you could be in that ten percentage of people. Marginal profit is pointless for small investment but is more than okay with bigger ones.
Since I don't have much experience in trade I could only say that you'll have to gain knowledge, learn, gain experience by trading(it is very important, you will have clearer picture of everything that is going on)get informed on daily level.
believe in you. That is the most important thing and will help you grow faster.
Everybody nowadays are looking for easy money. Work from home, earn millions - dnt do nothing! Cryptocurrencies are top topic right now as they go under this category! Lets be honest, everybody is trying their luck in everything now. But not everybody has enough patience to study and understand the basics. This job requiters skills and knowledge. If you go to any other job without skills and knowledge - you would be fired and classified as unsuccessful, just like here..
Why do we never hear about people starting off paper trading here? A few exchanges have dedicated test trading areas to get you rolling - https://testnet.bitmex.com
A couple of months of that will give you a taste of your potential success rate. Granted, people will think it's not realistic because there's no real money on the line but the likelihood is that your trades will be better and less emotional because of that.
If you wind up with a large amount of paper losses you can bet your real ones will be vastly worse.
As for who succeeds and who won't, everyone's groping in the dark. A decade long run of success could turn to nothing in an instant. The only way around that is by being as disciplined as possible. Cut your losses when you agreed with yourself you would, and take profit under the exact same circumstances too.
A couple of months of that will give you a taste of your potential success rate. Granted, people will think it's not realistic because there's no real money on the line but the likelihood is that your trades will be better and less emotional because of that.
If you wind up with a large amount of paper losses you can bet your real ones will be vastly worse.
As for who succeeds and who won't, everyone's groping in the dark. A decade long run of success could turn to nothing in an instant. The only way around that is by being as disciplined as possible. Cut your losses when you agreed with yourself you would, and take profit under the exact same circumstances too.
That is very interesting approach and its good that you shared it here. However would have been better if had new topic for it for visibility.
Well, paper trading is new for me as well and I am definitely gonna try it our with this test net. However the strategies would be interesting to watch in this criteria and there is not much to say about it right now due insufficient knowledge. Would be great if you enlighten us more about it. Watching the response.
I also exchanged information with an experienced trader. I realize that to make a profit from one of these exchanges is difficult because you need a lot of accurate information or you will lose money in that transaction. To ensure you do not fall into the trap, you should not follow the increase in a short time.
your chance in trading is 50 : 50 so if you easily give up how you become a winner, even the great trader not always win, sometime they lose.
if you think you can be trader never losses, i think that impossible.
if you think you can be trader never losses, i think that impossible.
Throughout my trading education(self-learning) most contents I read or watch regarding crypto trading states it point blank that "about 90% of crypto traders lose their funds"in the cause of trading.
This has somehow made me lose interest in learning to trade. Does this mean, that as a new trader or even the professionals have a marginal percentage of being successful in crypto trading? if your answer is no, then I guess there is rules or ethics you abide by that has made you successful in most of your trading.
I would be glad if members could share with us some of their tips and guides they've adopted in trading. I think good submissions will be of help to most people in this forum.
Thanks in advance!
everyone must accept this situation because before they go into the world of crypto maybe everyone already knows the risks that will occur, so I think this is the risk of all those who have dared to go into the world of bitcoin, so they have to accept and be patient .. . This has somehow made me lose interest in learning to trade. Does this mean, that as a new trader or even the professionals have a marginal percentage of being successful in crypto trading? if your answer is no, then I guess there is rules or ethics you abide by that has made you successful in most of your trading.
I would be glad if members could share with us some of their tips and guides they've adopted in trading. I think good submissions will be of help to most people in this forum.
Thanks in advance!
Why do we never hear about people starting off paper trading here? A few exchanges have dedicated test trading areas to get you rolling - https://testnet.bitmex.com
A couple of months of that will give you a taste of your potential success rate. Granted, people will think it's not realistic because there's no real money on the line but the likelihood is that your trades will be better and less emotional because of that.
If you wind up with a large amount of paper losses you can bet your real ones will be vastly worse.
As for who succeeds and who won't, everyone's groping in the dark. A decade long run of success could turn to nothing in an instant. The only way around that is by being as disciplined as possible. Cut your losses when you agreed with yourself you would, and take profit under the exact same circumstances too.
A couple of months of that will give you a taste of your potential success rate. Granted, people will think it's not realistic because there's no real money on the line but the likelihood is that your trades will be better and less emotional because of that.
If you wind up with a large amount of paper losses you can bet your real ones will be vastly worse.
As for who succeeds and who won't, everyone's groping in the dark. A decade long run of success could turn to nothing in an instant. The only way around that is by being as disciplined as possible. Cut your losses when you agreed with yourself you would, and take profit under the exact same circumstances too.
To successfully trade on the stock exchange it is necessary to have a certain set of qualities of character. It is necessary to regularly train the brain for erudition, attention, and much to read on the topic. You also need to be prepared to lose money that you can use in trading.
Investing in cryptocurrencies is always accompanied by huge risks, because the market here is affected by many factors, but here you can rely on many ways to make a profit, such as a bounty mission!
I prefer learning a lot and from my mistakes and from others mistakes as well.
For me the hard truth in this fields of business is you can earn a good amount of income or profit in this business but at the same time you can lose coins or investments if you can’t handle it properly.
The truth is that to make money in this market is not easy, you need to have a lot of skills and experience. Only if you do these things will you be profitable in this market.
Right.There's no easy way to gain profit,you should work hard for it.But also in trading,you cannot expect to gain profits all the time,sometimes losing is very possible.But still don't be discourage for that because even professionals experience that.As long as money is involved,it should be done with more skill and expertise.Jump to: