Topic: The hard Truth - page 8. (Read 1930 times)
I think, to trade cryptocurrency on large for all the money is risky, you first need to test the soil with small trades to see. Only then when you gain experience to trade and large deals. Trading strategy is developed its own.
It is not true. How do you know that 90% of people fail in trading? You probably went through the forum and saw people crying when they lose money in trading. Its in peoples nature. Whenever they lose anything they look for something to blame on and demotivates other people from doing the same even though its their own fault they lost. Again, people who are successfully trading don't post much about their success (not unless they lose all due to their greed/stupidity) for which it looks like that people most of the time loses money in trading.
By the way strategy is the most important mate not just knowledge 'cause its not enough especially on this risky situation of market. if i was you try to watch some trading skills ,and strategies on youtube so that you can obtain and you can build your own strategy as well. But always put some efforts onnit mate 'cause it's for the sake of your capital which is you can't regain it after doing mistakes. So think first before anything . .
Knowledge is equally important as strategy in trading. Only strategy and following the charts will not help completely. Since bitcoin and altcoins depends upon news, it is very important that we learn about the altcoins and keep up to date of their upcoming projects and current situation. 
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!
Trading is hard for people that don't know how to do it correctly. In order for you to learn, then you should try to trade and you will lose at times but it would make you a good trader someday.
off-topic
hello everyone , here im talking about a new cryptocurrency which is THUNDERSTAKE (TSC) . TSC PoS staking rewards: 900% APR fixed, every block number dividable by 10 is a superblock with double APR (1800 %) .
we have made products with TSC logo which you can buy from our website with TSC coin as payment. TSC is live on 5 exchanges, Cyptobridge,mercatox,Stokes.exchange, bitrex and escodex .
here is our website link https://thunderstake.com . you can get everything from here . have a look .
hello everyone , here im talking about a new cryptocurrency which is THUNDERSTAKE (TSC) . TSC PoS staking rewards: 900% APR fixed, every block number dividable by 10 is a superblock with double APR (1800 %) .
we have made products with TSC logo which you can buy from our website with TSC coin as payment. TSC is live on 5 exchanges, Cyptobridge,mercatox,Stokes.exchange, bitrex and escodex .
here is our website link https://thunderstake.com . you can get everything from here . have a look .
Last time I started traded was two weeks ago and it is still going on. Guess what I am not professional trader or I dont have any keen skills about the trading but I am still doing it based one logical methods. Now my trade is open for that long because I am just investing into coins that I like and I am holding them because I have not received my profits yet. That turns my trade into long term method and I dont care whatever it is as long as I am getting my profits.
So long story short, it doesnt matter how professional you are or what skills you carry, as long as you manage to have good trade opening and closing then you are good to go with it.
You are indeed doing trading but the thing you do mention is not really correlating on what you are trying to do. Why? You just simply decide to hold up for long term and its normal that you would able to get profits when the price tends to rise up which is entirely different for those people or traders do decide up to make short and riding with the volatility of each coins in the market. So long story short, it doesnt matter how professional you are or what skills you carry, as long as you manage to have good trade opening and closing then you are good to go with it.
if u are proficient in encrypted transactions. u will definitely get a lot of money from it. but it requires a lot of experience and knowledge of encryption, as well as the latest market news. u need long-term persistence and a lot of practice
loss is a very valuable lesson, where when we loss we can analyze why and why
from there we can know our mistakes and can fix them to improve our skills in trading
I believe all traders must have loss and the solution how to cover the loss with the profit that we can
from there we can know our mistakes and can fix them to improve our skills in trading
I believe all traders must have loss and the solution how to cover the loss with the profit that we can
Best tip: never be involved in day-trading =)
Profit is small comparing to risks of the market volatility. Medium term and long term investments rock!
I think you must not be saying this. I always prefer to ask different opinions from different people over different topics. And this ended with superb results that every person comes with different mindset. You can’t compare someone with you and you can’t just become someone either. Everyone is different and thus day trading is much liked by so many. Don’t assume it to be bad if you consider it bad. Profit is small comparing to risks of the market volatility. Medium term and long term investments rock!
Last time I started traded was two weeks ago and it is still going on. Guess what I am not professional trader or I dont have any keen skills about the trading but I am still doing it based one logical methods. Now my trade is open for that long because I am just investing into coins that I like and I am holding them because I have not received my profits yet. That turns my trade into long term method and I dont care whatever it is as long as I am getting my profits.
So long story short, it doesnt matter how professional you are or what skills you carry, as long as you manage to have good trade opening and closing then you are good to go with it.
So long story short, it doesnt matter how professional you are or what skills you carry, as long as you manage to have good trade opening and closing then you are good to go with it.
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.
Not sure where you get that numbers though, but that's big, and I don't know if anyone here loses 90% and still find time to go 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.
Well obviously we enter a bear season in 2018, but it doesn't mean you can't earn in this situation. Others learn to short bitcoin will most stay at the alts market and have their own strategy on how to make money. Regarding professionals or newbie traders being successful, hard to say because this market is based on speculation, and everyone has its own strategy and might not be abiding our guided by ethics, IMHO.
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!
Thanks in advance!
Members can give you tons of tips but if you don't execute then its worthless. Remember that at the end of the day, its your decision that will make spell your successful in trading. Just take baby steps and see how it goes for you.
I do not know it it is 90% or not, but if you want to be successful trader you have to be better than the average. Successful tradors
can adopt to every market condition and very fast. While others are complaining they can make profit from every situation.
can adopt to every market condition and very fast. While others are complaining they can make profit from every situation.
Best tip: never be involved in day-trading =)
Profit is small comparing to risks of the market volatility. Medium term and long term investments rock!
Profit is small comparing to risks of the market volatility. Medium term and long term investments rock!
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By the way strategy is the most important mate not just knowledge 'cause its not enough especially on this risky situation of market. if i was you try to watch some trading skills ,and strategies on youtube so that you can obtain and you can build your own strategy as well. But always put some efforts onnit mate 'cause it's for the sake of your capital which is you can't regain it after doing mistakes. So think first before anything . .
There are software’s in computers which are so efficient and stronger in all terms but they must need hardware to be implemented and this can be of any use. So don’t be like stupid who think knowledge is only thing. Although that factor has got its own value but you can’t just ignore strategy as well. If you don’t have the second one, how can you be able to make use of that knowledge?I don't think that with using software for trading can help us to gain a big profit because we still need to understand how the software works and we need to learn about the software too. besides that, it'll need a time before everything is ready to use and help us to make a profit and usually, we need more explaining from the dev so we can learn the software. besides that, I think it is better that we can learn something about trading so we can do manual trade which will help us to know and understand about the market itself.
Doesnt mean you cant benefit from them. Take bitwinex for example. I dont expect the platform to exist for long. But in the meantime...
By the way strategy is the most important mate not just knowledge 'cause its not enough especially on this risky situation of market. if i was you try to watch some trading skills ,and strategies on youtube so that you can obtain and you can build your own strategy as well. But always put some efforts onnit mate 'cause it's for the sake of your capital which is you can't regain it after doing mistakes. So think first before anything . .
There are software’s in computers which are so efficient and stronger in all terms but they must need hardware to be implemented and this can be of any use. So don’t be like stupid who think knowledge is only thing. Although that factor has got its own value but you can’t just ignore strategy as well. If you don’t have the second one, how can you be able to make use of that knowledge?
By the way strategy is the most important mate not just knowledge 'cause its not enough especially on this risky situation of market. if i was you try to watch some trading skills ,and strategies on youtube so that you can obtain and you can build your own strategy as well. But always put some efforts onnit mate 'cause it's for the sake of your capital which is you can't regain it after doing mistakes. So think first before anything . .
Trading is not only a way of earning money and hardwork,
-snip-
Let's avoid of going ahead of ourself here. Calling trading hard work is and insult to hard working people.-snip-
Clicking your mouse across the screen is not what I can call "work" at all. Let's face it, its a privilege, a hobby, lucrative fun and pleasure. Before some IT specialists rant...get a life
Computer is a toy, best toy ever invented but still. The sooner one realises that all this computer science suppose to be fun, the sooner it will become easier source of income.
And this is my advice on the subject, make as much fun from it as possible. Play instead of working.
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!
Where did you get that statistics dude?that about 90% losses in trading?i guess those whom you mentioned are greed,noob and weak traders,all of them are entering crypto trading just for profit and even without total knowledge from basic and fundamentals.
Because real traders here in cryptocurrency knows what they are doing,and consistently making trades with gains if losses maybe just small chances
and he connected to cryptocurrency which is possible but we dont know the actual percentage of those who lose and those who earn.
And why do you give up so easily? You must believe in yourself and try to become the best trader, which will enter into these 10%. Trading and not only crypto currency, it's rather difficult, but not impossible.
You do not need to advise him; I think this market is not for those impatient. Some people in the investment losses 5-10% and they fear. They think they will not be able to recover the lost money. Those who think so is best should retreat from this marketJump to: