Trading is risky, be conscious - page 14.

TelolettOm

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Quote from: Obari on January 19, 2023, 02:30:48 PM

Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?

I don't think trading is very lucrative, investment is more lucrative. But by trading, you can gain faster profits. While investment requires a lot of time to take profits, you spend much time to reach your target, especially for a long-term investment. However, a long-term investment offers a bigger amount of money.

For newbies, it is better to start trading with small funds. Know well how to trade properly, don't hurry to gain bigger profits. Get enough experience before using big funds because trading has a risk, too. And never try future trading, it is not for newbies!

Hamphser

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Quote from: lalabotax on January 27, 2023, 06:05:04 PM

Sometimes, someone with very high expectations for trading results actually overrides the risk. Because they are too confident that trading will bring them as many profits as other people get. Especially if they have relied on trading signals from a group, this will make them too confident in their activities. This unawareness or ignorance of this risk is very dangerous, because even a professional trader must have good and strong risk management, and always take into account risks so that they make various strategies and anticipations to avoid these large losses. However, sometimes some traders, especially newbies, don't think about this, either because of their ignorance or because they are overconfident with the trading activity. So that when they experience losses in trading, they will be very shocked and not ready for this risk. How is it going? Ultimately they blame trading and crypto itself for the fatality of their way of trading.

Mostly when we are just still noob on which we do really have high expectations on which we do really believe that it would really be that easy and doesnt really mind off about the impose risks when it comes to

trading which would really be leading into that kind of confidence and on the time comes that reality do slapped into your face then this is where you do make our some realizations that it was never been easy.

This is why most of the time people do make our learnings when they are really that on the actual situation and realize for themselves that it wasnt the thing that they were expecting for it to happen.
Trading is really that hard and not something that you could learn up in shortest time as possible and this do really take a particular time for you to have a good grasps into it.

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Sometimes, someone with very high expectations for trading results actually overrides the risk. Because they are too confident that trading will bring them as many profits as other people get. Especially if they have relied on trading signals from a group, this will make them too confident in their activities. This unawareness or ignorance of this risk is very dangerous, because even a professional trader must have good and strong risk management, and always take into account risks so that they make various strategies and anticipations to avoid these large losses. However, sometimes some traders, especially newbies, don't think about this, either because of their ignorance or because they are overconfident with the trading activity. So that when they experience losses in trading, they will be very shocked and not ready for this risk. How is it going? Ultimately they blame trading and crypto itself for the fatality of their way of trading.

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Quote from: kellyrobin on January 27, 2023, 08:29:12 AM

Volatile markets and fluctuations in stock prices are risky for even long-term investors.

There's no one that can skip the fluctuations but what's good with long-term investors is that they'll never just give up because of it. They're in the waiting game and understand that patience is the most needed thing if the market isn't that good at all.

Quote from: kellyrobin on January 27, 2023, 08:29:12 AM

It is important to stay focused during trading. As soon as a trader learns to trade consciously, the majority of distractions will not have a serious impact on him. However, in any case, a trader should build a friendly and favorable environment for trading.

Experience will summarize all of those learnings for sure.

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Quote from: Nrcewker on January 27, 2023, 10:24:56 AM

Quote from: ?? on ??

In fact, the main thing to understand is that this risk has a result. Most often, if trading is based on risks, the result can also be quite interesting.

That’s the thing, that many newbie traders miss while starting their trading career. You can’t make profit if you won’t take risks. Now you can make little money, if you take less risk, if you increase the risk percentage involved, then the profit you will get will be also maximum. But remember that with the increase in risk percentage, the risk of getting losses also increases. So yes invest wisely and cautiously. At last the conclusion is that, trade as per your needs. If possible take calculated risk and trade wisely.

Trading as needed becomes the thing to do. Because sometimes some people trade beyond their capacity. Trading without good financial management, doing all in on all capital owned. If you don't have good management, losses will come soon. A large percentage of risk will result in a large profit, depending on how much money is traded. Without taking a risk, there will be no profit. Just getting into crypto investment is a risk because it is the decision and responsibility of each.
All businesses and investments have risks with different positions.

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Quote from: ?? on ??

In fact, the main thing to understand is that this risk has a result. Most often, if trading is based on risks, the result can also be quite interesting.

That’s the thing, that many newbie traders miss while starting their trading career. You can’t make profit if you won’t take risks. Now you can make little money, if you take less risk, if you increase the risk percentage involved, then the profit you will get will be also maximum. But remember that with the increase in risk percentage, the risk of getting losses also increases. So yes invest wisely and cautiously. At last the conclusion is that, trade as per your needs. If possible take calculated risk and trade wisely.

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Quote from: Obari on January 19, 2023, 02:30:48 PM

Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?

My advice is don't be in a hurry and prioritize learning all things related to crypto trading, especially getting to know the crypto prospects that will be chosen as trading targets. Most of what we see from beginners is wanting to catch up with people who have been in the field for a long time and make a fortune. So they often put aside the long process of trying their luck. Basically, they gamble more with what is traded and hope for an instant boost. Failure after failure continues to be faced so crypto trading sucks. It's no wonder why many novice traders experience something like this because their initial steps and goals were wrong. Everything has a risk, not just trading crypto, Any type of trading has the same risk depending on how he set his goals, and his intentions, and how determined he is.

If as a beginner you want to get into crypto trading, what you need to do is put aside ambition first, don't be fomo easily, and always do as much research as possible about the risks of buying coins that have no potential.

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Volatile markets and fluctuations in stock prices are risky for even long-term investors. It is important to stay focused during trading. As soon as a trader learns to trade consciously, the majority of distractions will not have a serious impact on him. However, in any case, a trader should build a friendly and favorable environment for trading.

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Quote from: alastantiger on January 26, 2023, 04:51:51 PM

Quote from: Obari on January 19, 2023, 02:30:48 PM

Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?

Trading is risky and it is similar to gambling. As I believe they have the same features. It is a "game" of probabilities. Trading is basically looking for trades that gives you the probability of making a good profit that is significantly more than the more the trader is risking. The thing every trader must do is to have a certain level where if it doesn't work out they exit the trade so that they can live to trade another day. It is about knowing which risks is worth taking.

We do know on whats their differences when it comes to odds and chances of winning or being profitable because one of them could really be able to something to be applied with some strategy and analysis and the other

isnt something that could really be affected out by some strats or whatsoever.This is why for those who do wants to trade up then they should really be that mindful about on having that no gambler like mind.

This is where most people do end up whenever they do engage up with trading is that they do treat it out like gambling on the time that they would doing up some trades
which is really a very wrong treatment.

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Quote from: alastantiger on January 26, 2023, 04:51:51 PM

Trading is risky and it is similar to gambling. As I believe they have the same features. It is a "game" of probabilities. Trading is basically looking for trades that gives you the probability of making a good profit that is significantly more than the more the trader is risking. The thing every trader must do is to have a certain level where if it doesn't work out they exit the trade so that they can live to trade another day. It is about knowing which risks is worth taking.

If you don't have knowledge and skill in trading - therefore you can say that trading is like gambling.
It was not a game of probabilities, it was not 50/50 winning chances. In trading, we don't rely on luck, unlike gambling because a trader will have to find a way how to improve their knowledge and skills. Meaning, there is a big chance to earn a profit which is far different from gambling. Trading was found to be a risky job and that is because of the volatility of the market but it was not a thing we have to worry about it as long as we already know how to adapt to the situation and are good enough in market analysis.

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Quote from: Obari on January 19, 2023, 02:30:48 PM

Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?

Trading is risky and it is similar to gambling. As I believe they have the same features. It is a "game" of probabilities. Trading is basically looking for trades that gives you the probability of making a good profit that is significantly more than the more the trader is risking. The thing every trader must do is to have a certain level where if it doesn't work out they exit the trade so that they can live to trade another day. It is about knowing which risks is worth taking.

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Quote from: autumnleaf on January 21, 2023, 10:21:41 PM

As a novice trader who is also new to the market, I don't have much to impart, but based on my experience, I would advise beginners to study the fundamentals of trading first and start with tiny sums of money in order to get experience and test their strategies.

It's not only fundamentals of trading that a newbie needed to start trading there are other aspects like technical analysis where newbie is expected to learn chart analysis, Candlestick patterns, how to use indicators, how to deal with emotions and fear while trading above all practice your strategy with a demo after plenty hours of studying chart before live trading with a small amount of funds for a start, trading is not easy because of the high risk involved especially crypto trading is synonymous with a very high volatility therefore trading an art that any newbie must master to guarantee earning profits.

TitanGEL

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Trading is inherently risky, people should be aware of it before they became a trader. But the risk can be manage especially if we already have a proven system that we can use in order to be a profitable trader. The hard part is to where to learn a proven system that can help us to create a path in order to become a successful trader. Through proven system, we can have a very good risk management where we know when to enter, when to exit, identifying stop loss, identifying how much we will risk and also identifying the margin that we will place in every trade.

The reason why many people lose their money in trading is not because of their strategy, it is because of their risk management where they do not do diversification where they keep doing all in in just a specific coin. That is the main factor why many people quit after just few months of trading. If we will improve and develop our skilss in manging risk, then there is a big possibility that we can become a profitable trader in the near future. Consistency is important and we should make sure that we keep gaining knowledge in order to be prepared in every market move.

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I would guess that the majority of us initially attempted trading in an effort to make money when we were new. When we hear the word "income," our interest naturally rises. Knowing that trading has an infinite earning potential inspires us even more. Then, sooner or later, we realize that money is not easy to get. My advice to the aspiring traders is to study trading and dedicate themselves to learning. Never trade the money outside of our budget, including those for emergencies. We only need to trade the extra cash we have.

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Quote from: Pandu Geddon on January 25, 2023, 11:30:28 PM

Quote from: martyns on January 25, 2023, 08:36:38 PM

There is nothing under this earth that is not risky,in as much as you are trying hard to make ends meet,you must undergo some risk to get to the height that you want.Likewise to trading,we know that trading brings fast money,but it is highly risky as well,and in order to avoid that risk or lessen that risk,you must strategies and be current and smart enough to know the particular time you will trade your coin.And also putting in mind that it is a two way thing,either you win or loose,but try as much as you could to be on the winning side.

The risks of crypto trading and investment are indeed the first thing that must be told to every beginner who wants to start trading or investing.
that's so they know, that indeed in crypto trading, there will always be a possibility of profit and a possibility of loss. so when they without enough knowledge and also without sufficient skills start trading. they are consciously aware that they are taking a risk for themselves.

I see it as a learning curve, as with everything - you just need to get through it, one way or another. Rarely will anyone hit the ball out of the park from the get-go, you just need to get burned in order to learn.

Yes, you could have thought of a scenario where someone just soaks everything in for xyz year, doing nothing, watching and observing the process, and then hits the market with investments, but that would be a complete outlier.

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Quote from: Obari on January 19, 2023, 02:30:48 PM

<...>
What would be your advice for those wanting to trade as a newbie?

Never rush things. You can't make yourself rich overnight, unless you're a fast learner with a very high IQ that will help you to analyze the market truly to have a very promising technical analysis. If you don't have a long patience, you will never survive in the trading world. Trading will require to risk two things, your money and your mental health, because that'll be put up into test on how much you can endure while you're learning how to trade sufficiently.

In the long run, your hard work will finally bear fruits and you'll be thankful to yourself because you did a great job.

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Quote from: martyns on January 25, 2023, 08:36:38 PM

There is nothing under this earth that is not risky,in as much as you are trying hard to make ends meet,you must undergo some risk to get to the height that you want.Likewise to trading,we know that trading brings fast money,but it is highly risky as well,and in order to avoid that risk or lessen that risk,you must strategies and be current and smart enough to know the particular time you will trade your coin.And also putting in mind that it is a two way thing,either you win or loose,but try as much as you could to be on the winning side.

The risks of crypto trading and investment are indeed the first thing that must be told to every beginner who wants to start trading or investing.
that's so they know, that indeed in crypto trading, there will always be a possibility of profit and a possibility of loss. so when they without enough knowledge and also without sufficient skills start trading. they are consciously aware that they are taking a risk for themselves.

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Quote from: Obari on January 19, 2023, 02:30:48 PM

What would be your advice for those wanting to trade as a newbie?

Nothing because there are so many suggestions and lessons that newbies can get by searching the internet, the most important thing is to implement every knowledge obtained consistently and change the mindset that trading is not a way to get rich overnight but can be a job that produces results that can be done consistently with sufficient knowledge.

martyns

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There is nothing under this earth that is not risky,in as much as you are trying hard to make ends meet,you must undergo some risk to get to the height that you want.Likewise to trading,we know that trading brings fast money,but it is highly risky as well,and in order to avoid that risk or lessen that risk,you must strategies and be current and smart enough to know the particular time you will trade your coin.And also putting in mind that it is a two way thing,either you win or loose,but try as much as you could to be on the winning side.

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Quote from: Obari on January 19, 2023, 02:30:48 PM

Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?

The easier the trading, the higher the risk. You can't profit very easily from trading platform. If you want to profit from the trading platform, you must take maximum risk. There are many traders who trade on speculation and don't follow the rules and lose their money anytime. For any person to start trading, first of all there are trading strategies, all those strategies should be known. Only then can a trader succeed in trading.
My advice for newbies is to learn about trading first. Then you participate in the trading platform. Trading platforms have certain rules and strategies that one should not participate in without knowing them.

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