Topic: Trading is risky, be conscious - page 3. (Read 2970 times)

This is where bitcoin trading is different from gambling, a newbie must learn and acquire the knowledge of trading before he can perfect himself as a professional trader. Without these basic skills of understanding the fundamental analysis and technical analysis, then it can amount to losing hard earned money in trading. I agree that people should treat bitcoin trading like a career, this help them to learn the skills with seriousness, not to treat it like gambling that doesn't require any special skills and depends mainly on luck to win.

trading is not a money machine to make money easily, it’s very hard and mental stress who's are regular trading,  if you want to quick rich then high possibility to quick loss, so don’t trade as like of gamble. It’s a long time process to success in trading i think.

its always emotion control aside from the fact that gathering news about a project might be beneficial as well.
getting fomo'd has proven to get people rekt and went into bankruptcy, which in turn make them leave trading career altogether, therefore its not really advised that we do something out of impulse from getting too emotionals seeing other people making profits more primarily which sometime caused us to get somehow greedy and then make bad decision.
always be level headed knowing that when a coin already increasing the chance of it dumping back again is higher than when it is dumping so we know the right time to make entry.

Having a trading strategy is one of the best things to do but there are cases when our strategy seems to be failing and I think it wouldn’t be a bad idea to switch or get a better strategy but I’ve always know trading to be very risky and sincere nothing is guaranteed in trading, I think the idea of using only money we can afford to loss should always be preached because no one will bear the risk of your lost.
I agree with you that as a beginner, it should be advised to get a proper tutorship but it’s not also a bad idea to earn while learning maybe through copy trading.

Point of correction, investing consistently in trading will never guarantee our success, the only thing that can guarantee our success is the right approach to the investment, which is where the right learning and training come in. Once a trader is well-experienced in the market, there is no way success will not be made, but this will not be an easy task, it would take time and much effort, and the resources of the trader must be included in the requirement as well. This is why I believe it's often said easily than it is in real life, some people might be trading and training at the same time for over 10 years and still not have anything reasonable to show for it. Now tell me, are they not consistent enough? But you might see other people training and doing the right thing and start making consistent money within just 2 years, so approach matters.

The truth is that many traders are just deceiving themselves with their kind of approach to trading and they would have wasted a whole lot of time before they realize it. This takes us to the source of learning, some people are not just learning correctly or do not know the right thing to learn, and this is a serious problem. However, learning is easy and makes trading better if one luckily meets the right person to guide them. That explains the two situations I narrated earlier, it's definitely easier for one than the other.

Trading is very risky and is not easy like most people think. I have seen many people in my area who all of a sudden wants to become traders cause they think it is one of the simplest way to get rich quick ,After some time they realized that it is hard like all other businesses having its own profits and looses. It takes lots of time and effort for one to become a successful trader ,One need to acquire lots of knowledge or even go through a mentorship program to become a skilled trader. Most of the people i know have now quit trading cause they can handle the stress anymore.

Yes, trading is so risky. Trading is not easy as it looks, but it is too complicated. Market is unpredictable and no one knows when is it going to pump or dump. So be sure you are well knowledge before you start trading. I once trade and at first I lose some money, now that I have the experience and knowledge. I know how to deal with it and how to manage my holdings. Trading is not for the weak, be sure you are financially and mentally prepared.

There's nothing totally safe in trading. Each and every trading is really and can be loss if you aren't capable to handle. Taking trading as a career won't be so easy one. Trading is kind of scientific method anyone must need learn the process and keep improving his knowledge if a trader must want get succeed. Otherwise start trading without knowledge will decrease your capital each time what i already experienced during I didn't gain single knowledge about trade but just started. And signal groups aren't always right even many time their signals proved as incorrect. You better you should have to learn to build up your own stretegy rather depend on other signals

have enough money to do this and don't use the money they need, they have to be patient and don't get carried away easily by emotions.
traders must be able to control their emotions for the most important thing, because no matter how much capital they have, they will run out if they cannot control it.

The risk in trading is high if we cannot trade at the right level. But if I don't acquire knowledge in market research, I will face loss in any case. So we should gather knowledge first and then trade after market research. Trading will be a little less risky Long term investment If we prioritize this investment we can definitely earn a lot. So in most cases we invest for long term and the risk is very low and the benefit is high.

Both trading and investing involve risks, and the real issue here is for beginners trying to enter the trading world. They will undoubtedly face significant challenges. All beginners struggle to explore without a mentor. The role of a mentor is crucia to truly and quickly learn the trading world, a newbie should have someone guiding and providing instructions in every move and knowledge growth.

To learn various techniques commonly used in trading, one should at least have a teacher, role model, or mentor to impart that knowledge. Instead of self learning with Youtube or reading blog, which takes longer than the targeted time to start making a profit, it's better to learn from a mentor, even if it means paying them upfront.

I agree with your opinion, it is important for those of us who trade to be able to learn well and it is impossible by trading that we will get rich quickly and if we understand like that, of course we will experience many failures in trading. Choosing to trade will indeed be better than trading because it has less risk than trading. If we invest consistently then we will get profits from the investments we make.

If a person plans trading for a get rich quick scheme, then I would say it is totally wrong. Because trading will never get you rich quick, making money requires a long period of time, which is not possible with trading. Investing is the best, and profitable as compared to trading which can give you good profits. Trading is risky when the market starts to be volatile, and you are more likely to lose your money. That's why stay away from trading business don't lose your money rather you invest for long term it will give you profit and less risk.

Basically, all trades or anything that is profitable will always have a level of risk too, whether it is in accordance with the benefits that will be obtained or even far greater than the profit opportunities. So of course that is why we or anyone, especially beginners who are just going to be involved in trading, must prepare a lot of preparations such as good planning, good management and also several other points that are no less important such as risk management. None other than because it is all these points that can help us to carry out good planning in order to achieve profits as the goal of all traders in general, and also to minimize something that is not wanted is to use very good risk management, trading will not make you rich quickly but trading gives all traders the opportunity to achieve wealth in futures consistently, and for anyone who can run smoothly there then obviously they will get the success that is worth it in return for the difficult process they have passed.

Do not let you come silly by focusing too much on profits and ignoring the risk opportunities that can occur at any time, so always learn about anything related to the science of trading while you start your involvement, with that gradually your knowledge will continue to increase, and if you can reach the top point consistently then you will feel the real results.

Yes, I agree with you, investing or trading in crypto or similar will be very risky when we don't know the right method for doing it.
So in my opinion it still has to be based on good knowledge, if you want to make a profit.

This is one of the big mentalities that affects our newcomers that are joining the industry recently. They think they will make money in a short period of time, which is not true, and all this is happening because they lack the knowledge of how the crypto market fluctuates. If they have knowledge of it, they won’t do that, and they will definitely learn and earn at the end of the day because if you have the knowledge of the crypto market, whether trading or investment, both will favour investment. Try and hodl for a long time and you will get what you want, but this is done when you have patience and there is knowledge to manage the risk in the investment and also the trading.
 

I won’t discourage him from trading, but they should have the knowledge of trading before deciding to start the journey to avoid unnecessary stories at the end of the day.It’s not a big deal if they have knowledge of trading because the worst knowledge someone will have is investing their money in something they don’t know anything about. There is no way you will succeed in such a thing, unless it is gambling, which you may luckily gain one day when you keep trying, but for their business, even the physical business, you need to do research in detail and have much knowledge about what you are about to do so that anything that comes up, you will manage the situation yourself.

You wont really be able to sustain if you dont have those skills.

1. Emotion handling
2. Risks management
3. Technical knowledge
4. Fundamental application
5. Versatility
6. Adaptability
7. Limitation

Trading is indeed risky and if you arent really that serious on taking it then expect that loses would really be next in line.
This isnt for those faint hearted because facing up volatile prices is never been that giving that good feeling but rather those stress,anxiety,hindrance etc...
If you are that someone who do have that kind of soft personality then for sure you would really be having a hard time to adjust
it out but doesnt mean its impossible on molding yourself overtime. It would really be just varying on a certain individual
on how they would adjust on.

That's the market for you, it's either you give or you take, and how do you take more often? By making sure that you are adequate for the market. This is done through well-established trading skills, management and plans, and with the mind void of emotion and other psychological issues.

I always say that nothing is impossible in trading when it comes to earning, yet it's a very risky avenue where one's money could be lost easily or money be made easily.

What comes to you from either of the two depends on you through your actions and inactions and your adequacy/inadequacy for the task.

Right I agree with your statement, and indeed in my opinion one of the reasons they come is because they see the benefits that other people have achieved, so that makes them feel motivated, that's good but the problem is that they come in their trading involvement without bringing any tools to lure profits to come such as knowledge and even a basic understanding of the world of trading, and also not to mention lately I have seen many new traders who have a lot of loss problems because maybe one of the reasons as I said above.

Therefore I hope for anyone who wants or even just wants to enter the world of trading I hope they can reconsider their intentions, don't just look in terms of big profits, because obviously behind big profits there will definitely be big risks too in any case or field. Basically trading has a high risk and not everyone can go through the process in their trading involvement to success, many fail and some succeed.  So I hope you can consider it before it's too late and regret it.

Until now, there are still many newbies who want to enter crypto trading without knowing anything, as long as they can only make a profit here in the short term.

And these habits or behaviors are not conscious of them, so the result always ends up being the loss of their investment.
Because greed is prioritized in their goal. Something that shouldn't be like that for a beginner who is entering crypto trading, to be honest.
It is because any trading business always involves risk, and newbies don't see that.