Topic: Trading as wealth. (Read 820 times)

even holding it in the long term we often doubt a position, where we become hesitant to sell it when it is bearish or keep holding it in the hope that the price will go back up, therefore we must have a target to sell, don't let greed overwhelm us or lead to disappointing results . and what happens if we sell it while the market continues to rise, of course thoughts of wishing would appear, and of course we have to let what will happen after we decide to take action

Holding is easy but often requires patience which is lacking in most people. Those who can continue to be patient will be profiting because this is a long term game done once a while. Day trading is a short term game but requires multiple trades. There are people who are just holding but that can become monotonous for many people, newbies might not get the interest to trade if they only hold. Hence the logical approach is to keep a part of the money for long term holding and no trading while another part for trading as soon as prices rise and buying back at the low.

Eventually trading becomes more streamlined for everyone who attempts it. But risks are always there.

I am just as surprised as much as I am shocked. Worst still, OP have never deemed it necessary to take some correction even with how long the thread has persisted.

It's just something I don't understand why some beginner would want to teach what they know nothing about. The thread title and the subject are not in alignment and OP somehow have everything mixed.

Digital trading on cryptocurrency, forex and even trading physical commodities.
My advice for OP would be that, OP takes the time needed to do some research and study on his or her interest. It would serve more than showing the rest of the forum that, you just have ideas that aren't compounding and is only forcing it on yourself.

Why am I feeling like you are making crypto investments, and trading looks as if it's that easy to make profit, as if there is no risk attached to it? (rhetorical). Trading cryptocurrency gives some traders what they desire because they have probably mastered the cons and pros of trading and investing in Bitcoin and because they understand the risks that are involved and know how to manage the risk. Whoever is not really educated about crypto investing and trading may just end up throwing their money away, and when things don't work the way they expected them to, they can have some misconception or a bad influence about cryptocurrency, which is very bad.

Bitcoin is a volatile asset, and a lot of altcoins are shitcoins. You can invest $1000 in Bitcoin, and when the price dips, your asset can get liquidated because of the trade. A lot of experienced people know how to manage this risk and also how to take advantage of the bear and bull markets, so it's not that easy. Rather, the very good thing about crypto trading and Bitcoin investment is that it will not stress you like a company staff who is working from Monday-Friday tirelessly; you can do things at your pace and during your convenient time. You can take a break any time you want, you can live your life freely, and you don't need any third parties to be involved before you can invest in or trade Bitcoin.

Let me correct your misconception here, digital marketing is different from trading the market, or online trading.

Digital marketing is the act of promoting one's business, goods and services online, that is promoting your products, or services online, in search of customers who will patronize you.

Trading, like we know is buying and selling of assets, commodities, basic amenities etc, the online version of trading involves buying and selling of currencies, assets, could be foreign currency exchange, or cryptocurrencies.
Online is a good way of making money, but it's not for every one, one who must trade and be successful in it must take time to learn and master the skill, else, you will just gamble your money away.

It is true, trading successfully or the one who says that his profits are constant or really stable with that is quite rare, consistency is very difficult to achieve, even so 95% of traders always lose, although I think it is more Of that percentage, at this time I would dare to say that it could be or be close to 98%, because everything that is happening in the market is very hard, the fundamentals are strong enough to be able to do things in a great way, Fundamentally, such as the war, covid 19, have made the markets very unstable and this has led many to lose more than they should.

Yes you are right that getting knowledge about the main points of trading is very crucial but I think that even getting knowledge one will face trouble as well as harsh situations on one point in life so its very important to not loss hope after facing difficulties. And knowing about the secret is key to success but trading is the way in which we are not familiar with the coming events in it so that's why we have some difficulties like it is unpredictable therefore its highly risky. One will sometimes face loss and on the other moment one will be full of profit with the trading of selected coin.

There is no someone who can know what will happen or when it will go up because trading is a probability game wherein there are thousands of combination that can a chart pattern can produce. Successful knows about that you don't need to know what will happen to the price, all you need to do is to have an trading system and a set of rules. The most important is that we should know our niche in trading because not all of traders have some characteristics, habits and also mastery. For me it is one of the hardest thing is finding your niche as a trader and mastering it but it is worth it once you know your niche because you have already advantage against other trader. Take note that trading is a zero sum game, meaning that we are just extracting money from each other and we can extract more once we know our niche or the mastery.

There is no in born talent in trading because you really need to gain a lot of experience, knowledge and information just to become profitable in this field. People thinks that trading is easy and there are researchers saying that only 5% of people keep making money and other 95% keep losing so for me it can be considered as a myth if we wil lsay that trading is easy. For me it is one of the hardest job but it is also where you can have unlimited wealth and income. Remember that our rewards in trading will be depends on what is our contribution in the market, in other words how we work hard not only technical but also mentally.

There is also a myth in trading that they think you can become profitable by just learning technical analysis, it is not true because it is not the defining factor. The main key in order to become profitable is by having a strong mental fortitude wherein you know the basic laws in trading and its nature. The professionals are been guided by their rules that they created and they follow it every single time because they are aware to the consequences that they can have once they disobey the rules.

That is a good approach, and considering that we have increased in the long term and doing fine right now, that shouldn't really be a shock. I know that people are acting as if they are going to "know" when it will go up and it's a big talent, but the reality is that we have already seen down and we are about to see the up now as well, that's how they follow each other and should be considered.

I believe that we could do well but that will not be easy for the time being, it will take a while. I believe that the best thing to do right now is to make sure that it will get a bit better. I think the best we could reach at the moment would be a profitable future and us getting ready today for it, that's what I am doing and that's what I suggest as well.

I think the same as you, of course, now with all the things that have Happened, they say that the money that is in an exchange is no longer from us, it is from the exchange for many things,also because of what happened with FTX, which is something that We cannot put aside, in another order of ideas, when we are trading or something like that, at least when I win, I get 50% of the Profits and I leave the other 50% there to continue operating, of course, Sometimes I take out 75% and that's how I go, Leaving 25% for the investment, but I always operate with bitcoin, I don't dare to make another pair, be it Gold or another, I have been dabbling in forex trading, but in of virtual money, and so I have had some losses and gains, but I have not dared to trade real money in forex.

In the trading we will hold certain amount of our money in the exchange.So we can use that money,when you get any problem in your life.So the money in the trading is not consider as the liability and surely it’s assets.The physical trading will add some income to the trader,So he can use trading as like the employment’s source.When you are trading of gold,you got profit at the time of next pump.Till the pump you can use the gold to get some interest from the gold traders.If the trading time was increased,you will get more interest from the gold invest.Then reinvest the gold interest to buy more gold from the same style to get money.

It is just like entering the market without having any fund in your portfolio, this cam be very funny per say since money is required for you to trade in the market and make some good profits in the market. Not having a skill and wanting to make money for the market can be very tasking and usual for us to be able to make profits from the market.

We need to get a skill for us to be able to earn from the market or we can subscribe for a signal group where we shall be getting signals to trade the market with the intention to make profits from the cryptocurrency market. Sometimes this does not always work for us since there is no accuracy in using signals to trade.

Yes basically investing in crypto is not that easy so that's why it's important to have good knowledge,
In addition, knowledge alone is not enough because skills are needed as well,
Bitcoin is indeed the right choice if you want to invest long term.

Perhaps Bitcoin has made good pumps in the past, as well as heavy dumps, but that shouldn't prompt us to back down; there is no time to make scuzzy excuses, only to take bold steps and begin now. Nobody knows what the future contains, but Bitcoin seems promising, and we should seize whatever trade opportunities we come across. It is critical to understand what we require and to be able to work toward our objectives. With consistency and investment in solid crypto businesses, accumulating wealth is straightforward. Taking critical risks for massive returns, I'm already used to everyday bitcoin trading, I'm confident, and I've never doubted my future goals.

It’s not easy to get rich in crypto, but it’s a matter of time. You can make a lot of money by trading, but you don’t have to be a trader to be able to make money. There are a lot of people who are successful in trading, but they are not the ones who are going to make money. 
 
For example, I have a friend who is a trader and he is an optimist. He is a good trader, but he is not a risk taker. He is a gambler, and he is not a financial advisor. He is a business tycoon, and he is not a trader. He is a trader.

The problem with other people is that they feed their minds with bad things about Bitcoin. But if only they had their own research on Bitcoin for sure in the end they would realize that it is good.

Then we know that Bitcoin has been proven to be a long-term investment in the cryptocurrency industry. And we know that it will really help when it comes to the future when many people also rely on what it can do to help the majority who have it.

Investing in crypto requires good knowledge to be well positioned in the future. Investing in virtual currency in the virtual world requires intelligence to gain reputation as a good trader. Treading must spend its assets and then invest and hold. Investing Bitcoin in Cryptocurrency is definitely possible to accumulate good wealth in future. There is no future risk to your money when trading bitcoins. Holding Bitcoin is better than investing in all other currencies.

In my opinion, you have made some great points about the potential benefits of cryptocurrency trading in today's global economy. I think, it's true that many successful individuals have amassed wealth through trading assets and investing in cryptocurrencies like Bitcoin, Ethereum, and others.

However, that it's important to keep in mind that trading and investing always come with risks, and it's essential for individuals to do their research and fully understand how the market works before diving in.

While cryptocurrency can certainly be a valuable addition to one's investment portfolio, it's crucial to approach it with caution and make informed decisions.

This is what I do as well, there are people who trade within minutes and that scares me a lot. How could someone know what bitcoin price could be in a few minutes? How could that even matter? But at the end of the day, there are people who acts as if that is normal and make a lot of changes and cause a lot of trouble as well, that is usually at leverage trading.

They end doing as high as 200x what I saw at the top, that is obviously the highest available and usually it's much less, and that means if it goes up even 20-30 bucks in a few minutes, they could make so much profit, but if it goes down that much they may lose it all. So that is why there are so many people who make these mistakes and I rather just go with the long term instead.

I agree, in day trading things get even more difficult to manage and micro-manage. Daily swings are unpredictable and hence I prefer to play it safer with long term trading and advice the same to newbies who are willing to play it safe as well. I do admire those who day trade and make a living out of it, but its not my thing, honestly.

I am not sure how much luck can actually help here because this ends up being a gamble everyday when it comes to day trading or short term trading. Quick decisions and a fast internet - all the more anxiety inducing. I am not sure everyone can handle that pressure.