Trading is risky, be conscious - page 16.

GeorgeJohn

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Quote from: Sebas.tian on January 22, 2023, 11:40:04 PM

Quote from: Obari

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

To be more dedicated in their personal research before trading their coins which is the easiest way newbies can grow very well in profits making and to remain in successful in the community. Ensure, as a newbies you buy your coins when the price is low in the market and hold and watch when the price of that particular coin will increase higher in the market before you can sell to earn well from the market. Don't apply fear whenever you are trading your coins in the market, because those that applyed fear in crypto trading always have challenges at the end of the market that will make them to experience loss.

Actually you are on a track and i believe seriously that cryptocurrency investment should be something someone should know exactly the methodology of market. Yes it's of true that cryptocurrency market have to be well understood before anyone can venture into it.while some experience disadvantages during buying and selling of cryptocurrency, it's the ability of them fails to detect a potential coin that will at least have some life before been crashed or terminate in the market.

What brings profit making and also a lose during investment of any coin is the ability to know the potential of such particular coin. And it's obvious that an investor is expected to buy or purchase a coins mostly Bitcoin when the price is at low level or on the bearish season, because it's when you invest during the bearish will make you to have a mega profit during a bullrun. So i will conclude that investment of any coin have to be done with a prosper research of that particular to know how potential is the coins before you can invest.

cytpoway121

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Quote from: Obari on January 19, 2023, 01:30:48 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?

There is this adage "you can only be rich by taking risk". This is the truth about every facet of investment in the world today; either crypto currency or general investment modules; you need to make bolder decisions to stand a chance to make profits from your investment.

It doesn't matter whether you are a newbie or a top pro; you have to make investment risk to win big in the crypto currency space. Also, Trading is a lucrative business only if you know when to start, when to pause and when to stay away from the market.

Lida93

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Quote from: Obari on January 19, 2023, 01:30:48 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.

Crypto trading just like every other conventional trades demands lots of patience and determination to learn on the outcome of your trades and also through the experience of others, with a touch of DYOR. No business pours out overwhelming profits immediately except it's an illegal business, even illicit drug business takes time irrespective of it been illegal.
I think it's the facades picture painted out there about cryptocurrency that makes newbies conceives into mind that it's a route to get rich quick business. We need to do more to always remind them that it's not so when telling them about crypto.

michellee

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Quote from: Sebas.tian on January 22, 2023, 11:40:04 PM

Quote from: Obari

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

To be more dedicated in their personal research before trading their coins which is the easiest way newbies can grow very well in profits making and to remain in successful in the community. Ensure, as a newbies you buy your coins when the price is low in the market and hold and watch when the price of that particular coin will increase higher in the market before you can sell to earn well from the market. Don't apply fear whenever you are trading your coins in the market, because those that applyed fear in crypto trading always have challenges at the end of the market that will make them to experience loss.

The task of a beginner before starting to trade is to learn to analyze. Without trading skills, he will not be able to get the right time to enter the market and place orders at the wrong price. Even though market conditions are experiencing a decline, he must continue to analyze because a decline is not a certainty. After all, the market can continue to decline so if he can analyze, he can know where the market is going. At least he can determine when to start placing orders and wait for them to be filled.

Sebas.tian

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Quote from: Obari

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

To be more dedicated in their personal research before trading their coins which is the easiest way newbies can grow very well in profits making and to remain in successful in the community. Ensure, as a newbies you buy your coins when the price is low in the market and hold and watch when the price of that particular coin will increase higher in the market before you can sell to earn well from the market. Don't apply fear whenever you are trading your coins in the market, because those that applyed fear in crypto trading always have challenges at the end of the market that will make them to experience loss.

irhact

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Quote from: Obari on January 19, 2023, 01:30:48 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.

It all starts from people coming into this industry with the hopes of making it quickly and big but get disappointing when their altcoins investment doesn't give them what they were promised when the tokens of the project were on sales. They then take this disappointment with them in search for another way they decide to try trading. Trading isn't always their number choice that's why they just want to gamble on trades in hope for a big win.

Anybody that loves trading from the beginning will put priority into wanting to learn how to trade before they begin practicing but this gamblers don't care but just want to make quick money, are usually those that end up losing it all. They believe in only luck but you'll need more than that to succeed which they don't have.

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Quote from: Obari on January 19, 2023, 01:30:48 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?

It is not only enough to apply caution in Trading, it is important to learn how to trade very eefficiently and effectively before you start trading professionally. It is only when one must have learnt the skill of trading that he begins to be cautious of their trade strategies and their risk management

Not having enough knowledge of trading and involved in it is called gambling and not trading and that is why newbies cry alot

Captain Corporate

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Calculated risk only is viable if you know what you are doing. If you "think" you know what you are doing then you are going to end up losing a lot of money, but if you actually know what you do and you have been trading for a while and all, then it will not be an issue at all. I personally do not see myself as a good trader even after 10 years, that's on me and many will be good by that point, but having overconfidence will never help you. I would suggest approaching it like you still do not know what you are doing, that way you will always strive to be better and better, thinking you are never enough and wanting to be better at all times.

Silberman

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Quote from: Nrcewker on January 22, 2023, 12:08:33 PM

As said earlier, money means risk. If you don’t take the risk, then definitely you are turning down the opportunity. Each and every rich people have taken risk in their lives for which they are successful now. If making money without risk was possible, then today no one would have beee poor. But you should also make sure that you take calculated risks, as then only you will deduce the chances of getting losses. Trade with extreme caution, do proper research and take calculated risks, then only you will make the money out of Trading.

Correct, there is a huge difference between taking a risk and taking a calculated risk, many traders out there do not know the difference and take risks which are simply too high and lose way too much money on each of their trades, and while at the beginning they can withstand those losses eventually the losses become too big to ignore and it is necessary to try to do something to stop them, while someone taking a calculated risk may lose money too but their losses will be way more limited and they will still have the majority of their capital at their disposal.

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Quote from: tvplus006 on January 22, 2023, 11:05:06 AM

Novice traders start listening to the advice of more experienced traders only when they lose their deposit, because until that time they believe that trading is easy, it's enough to just buy and wait for the price to increase. As a rule, it is the loss of a deposit that induces a beginner to study the basics of trading.

The basic knowledge of trading is like that, keep buying and waiting for the right time to sell. This means that trader only needs to buy low and sell high, but in reality they have difficulty finding the best time to entries due to lack of understanding in doing analysis. That's what makes many new traders often get other people's analysis or maybe they prefer to wait for hype or something like that before making entries.

Generally their deposited assets don't disappear just because they don't understand the basics of trading. What made their deposit disappear was that they sold low, but if they were patient and ignored short-term price volatility then sure profits could be made ^{[even though they don't know much].}

Nrcewker

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As said earlier, money means risk. If you don’t take the risk, then definitely you are turning down the opportunity. Each and every rich people have taken risk in their lives for which they are successful now. If making money without risk was possible, then today no one would have beee poor. But you should also make sure that you take calculated risks, as then only you will deduce the chances of getting losses. Trade with extreme caution, do proper research and take calculated risks, then only you will make the money out of Trading.

Pandu Geddon

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Quote from: Cryptmuster on January 22, 2023, 04:25:34 AM

Quote from: wxa7115 on January 22, 2023, 03:04:24 AM

Quote from: autumnleaf on January 21, 2023, 09:21:41 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 is the opposite, just because you do not have too much experience this does not invalidate your advice.

Novice traders sometimes refuse to listen to the advice more experimented traders give them, so the knowledge coming from someone which is experimenting the same struggle as them is exactly what they need since so many of them decide to trade without learning even the most elementary knowledge regarding the markets and how to take advantage of them.

If a beginner without much experience starts his trading journey at a time like now, when we have been growing for a long time, then this can play a bad joke on him. For some time he will trade for a small amount, and then he will decide that he is doing well. And when he decides that he is ready to trade for big money, then the market correction can begin and the losses can be very significant.

it is because beginners start trading with their experience. it doesn't matter when they are looking for trading experience with small money. but those who rush with the skills they possess will be foolish enough to waste their money in a market trap.
the trade won't find support within a round or two. it aims to hone skills and give novice traders hands-on experience. The more he traded, the better for him to see immediately how he would respond to the market.

kapalmabur

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Quote from: tvplus006 on January 22, 2023, 11:05:06 AM

Quote from: wxa7115 on January 22, 2023, 03:04:24 AM

...Novice traders sometimes refuse to listen to the advice more experimented traders give them, so the knowledge coming from someone which is experimenting the same struggle as them is exactly what they need since so many of them decide to trade without learning even the most elementary knowledge regarding the markets and how to take advantage of them.

Novice traders start listening to the advice of more experienced traders only when they lose their deposit, because until that time they believe that trading is easy, it's enough to just buy and wait for the price to increase. As a rule, it is the loss of a deposit that induces a beginner to study the basics of trading.

trading is very easy if we see people just saying it, but in reality trading will be difficult to do,
what becomes difficult is ourselves, where emotion, greed, and not having knowledge about trading is what makes us often lose,
so we you have to really master these three things if you want to be successful in trading.

tvplus006

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Quote from: wxa7115 on January 22, 2023, 03:04:24 AM

...Novice traders sometimes refuse to listen to the advice more experimented traders give them, so the knowledge coming from someone which is experimenting the same struggle as them is exactly what they need since so many of them decide to trade without learning even the most elementary knowledge regarding the markets and how to take advantage of them.

Novice traders start listening to the advice of more experienced traders only when they lose their deposit, because until that time they believe that trading is easy, it's enough to just buy and wait for the price to increase. As a rule, it is the loss of a deposit that induces a beginner to study the basics of trading.

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Quote from: autumnleaf on January 21, 2023, 09:21:41 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.

You are right because learning the basics of trading can make you understand that trading is not easy, and it takes time to know how to use everything related to trading and the market. In addition, experience or practice trading with small amounts of money is also needed to know how far you understand what you are learning. Once you understand how to trade properly and correctly, you can start increasing the amount of money you use to trade but remember, only use the money you can afford.

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Quote from: wxa7115 on January 22, 2023, 03:04:24 AM

Quote from: autumnleaf on January 21, 2023, 09:21:41 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 is the opposite, just because you do not have too much experience this does not invalidate your advice.

Novice traders sometimes refuse to listen to the advice more experimented traders give them, so the knowledge coming from someone which is experimenting the same struggle as them is exactly what they need since so many of them decide to trade without learning even the most elementary knowledge regarding the markets and how to take advantage of them.

If a beginner without much experience starts his trading journey at a time like now, when we have been growing for a long time, then this can play a bad joke on him. For some time he will trade for a small amount, and then he will decide that he is doing well. And when he decides that he is ready to trade for big money, then the market correction can begin and the losses can be very significant.

wxa7115

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Quote from: autumnleaf on January 21, 2023, 09:21:41 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 is the opposite, just because you do not have too much experience this does not invalidate your advice.

Novice traders sometimes refuse to listen to the advice more experimented traders give them, so the knowledge coming from someone which is experimenting the same struggle as them is exactly what they need since so many of them decide to trade without learning even the most elementary knowledge regarding the markets and how to take advantage of them.

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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.

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Quote from: Hamphser on January 21, 2023, 04:59:59 PM

Mistakes would be your best teacher or something that would really make you learn which is very the most basic concept on most people do really ending up.Its true that there are indeed times that we are really that stubborn or hard headed.We do go on ways which we do seem that we are really that right but on the time that reality would slap you hard then this is where you would really be making yourself

Yes, that's why I always said that harsh experiences are the best teacher. A great loss that makes you hurt so much gives you a lesson that you will never forget not to make such mistakes in the future.

So this can be another lesson, which is that if you suffer a severe loss, do not despair and become frustrated and leave the work, but on the contrary, you must rise again and benefit from your mistakes, and so you will be at least as if you have obtained a practical training course paid for at a very high price by your loss.

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Quote from: jostorres on January 21, 2023, 04:13:21 PM

Quote from: yhiaali3 on January 20, 2023, 11:32:41 PM

From my personal experience, I advise beginners not to trade unless they gain sufficient knowledge and experience. This is not just theoretical talk, but rather through experience on the ground.

At first I thought that I learned trading just by knowing the basics, but later it turned out that this is not true, there are many things that can only be learned after gaining sufficient experience through harsh experiences.

Many of my friends want to start trading immediately when I tell them about my work, but I advise them to slow down because it is difficult to explain to them how difficult it is, they think that it is just that you buy cheap and sell at a higher price, but later they know that things are much more complicated than that.

Like it or not, there will always be newbie who will go against advices like this but let them. Sometimes they are the one who must make their own mistake before they learn. Learning the basics will also give us a basic knowledge. The basic of trading will be the buying low and selling high but this may not be enough.

We need to learn further so that we will know how to use the indicators and we will know how to do a technical analysis. People only see the profit or the outcome of other successful traders. If only they know how much money and time they allocate before they get there. I think they will think twice if they will still do it.

Mistakes would be your best teacher or something that would really make you learn which is very the most basic concept on most people do really ending up.Its true that there are indeed times that we are really that stubborn or hard headed.We do go on ways which we do seem that we are really that right but on the time that reality would slap you hard then this is where you would really be making yourself
do able to learn and would realize that its wrong on what you are doing and you should have listened into those people who are far more experience but well lets just moved on and
improve ourselves because it is really normal for trading to be risky and something that cant be predicted which even professionals and veterans are still prone to mistakes and errors.

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