Topic: Trading is risky, be conscious - page 6. (Read 2970 times)

People using get-rich-quick schemes are often facing losses, this is the case in most cases. Trading is a profitable business, but sometimes it can be quite the opposite, in some cases the loss is more than the profit. Many a time even successful traders get frustrated while trading, as a result they are exposed to a lot of risk. So trading is not always profitable, but sometimes it involves a lot of risk, but mostly new traders face such risk. When newbies start trading, they get very greedy, they think they can get rich easily by trading, but later they lose money and become emotional. That's why caution is most needed for newbies otherwise they will lose money like this, so trade according to good advice before trading. As with any business, foremost understanding and good advice and analysis is required, but caution must always be exercised.

Trading is kind of science where it could be blessing on your life you have sufficient knowledge as we as ideas for how to apply. Lack of knowledge could be reason of losing everything and trading might be turn into curse in life. Dreaming about being rich is easy but there are a lot of things need to reach there in the whole journey. I advice newbie to learn, practice demo and gain experience, patient, self control by that and then good to go

An experienced trader especially for those who have just come (beginners) will never and should never stop learning, considering that market movements will never stop and there will always be new things that they must master. In starting trading or when you want to start to become a trader, of course there will be time and money that you have to sacrifice, so always take advantage of opportunities, learn the mistakes you previously made because I'm sure you don't want to lose too much money if you can't develop your skills. That's right, you can't trade if you only rely on speculation or some vague rumors, because obviously as you said it's no different from gambling. And here I will also emphasize that you better deepen learning to control yourself, because in mental and psychological trading it is very necessary, you will not be able to get the right decision to trade if your condition is not calm. And also I will say as you said that every trader has their own way of trading, you will not be able to apply other people's ways to achieve your profits.

Trading isn't difficult, the cryptocurency market among all other financial market is among the easiest to trade. The forex market, stock market and other types of market has more difficulties than the cryptocurency market and that's why we have many individuals coming to the crypto market to try their luck. Some individual traders will profits while others loses but any of them that takes time to learn before starting to trade has a higher chances of winning.

Why trading is looking difficult is because they haven't learnt how to trade, what you don't know will look difficult to you whereas we have professional traders trading effortlessly without any challenges. Anybody interested in trading should make sure they learn before starting.

Yes, and you are correct that trading in the cryptocurrency market is difficult,  one must first devote time to research and study. You cannot rely on speculation or chance. Because if that's the case, you'll be referred to as a gambler rather than a trader.

And being a trader entails having the capacity to comprehend what is occurring in the market as well as the ability to behave in a manner consistent with one who has a thorough knowledge of trading. This is due to the fact that everyone has a diverse range of opportunities, therefore it takes time to understand it honestly.

Psychology in trading is very important to learn. Because sometimes the main enemy in trading is not with fellow traders. But sometimes we fight with ourselves such as with greed and fear. But sometimes greed can also help someone to be braver in taking risks and fear is also sometimes useful in making someone more careful in trading. Basically greed and fear can be friends for traders if controlled properly and used in the right way. And greed and fear can become enemies for traders if the trader cannot control them. So that in the end everything returns to our own psychological management.

As small traders, we must know ourselves, who we are, how much capital we have. Just need to go with their flow and don't fight it. If we try to fight we will be carried away and drown. Influencers who have a lot of followers will get a lot of benefits, not only from referrals but they also get paid to promote projects that sponsor them. it will be a double benefit, even being able to trade, buy at a lower price then start doing shillings or big promotions. don't be influenced by influencers, but look and analyze the project.

But we wont really be able to know something unless we do try, this is why it wont really be that able to know if we dont engage just because we've seen others had failed down on this matter. Trading is risky and its not for everyone but doesnt mean that you should stop and avoid on learning it just because you are scared for you to be able to experience on the same thing just like on what others been pointing out but in the sense that mistakes and errors are something inevitable then it would really be just that right that you should really be that trying out to be versatile and able to learn up with those mistakes and errors which you might faced along the way. Trading is never been simple and something that could be handled well but doesnt mean its impossible. You should really know on how to balance in between risks and reward and you should be that be wary on whatever actions that you are tending to do basing up with your own common sense and risks handling which it do really differs on each person or people. Just dont make yourself that greedy and really that desperate
then you should really be just fine. Usually people who do have that kind of perception and impression in towards profit making is really that different, there are really just those ones who are really that too impatient.

In trading it have advantages and disadvantages and I believe from my theory that trading have two things which are profit and loss, so it involves risk and its the risky aspect of trading that makes trading because nobody body is allowed to predict the future of the market accurately, that is while so many people or traders who does not know the rudiments of Trading always lose in trading, even professional even undergoes loss in trading, its a risk business but if you are concentrated in trading you will overcome the obstacles of trading when lose want to manifest.

But talking about influencers I don't know for other areas but in my own area sometimes it is precisely influencers especially in terms of trading also do exist and they besides getting profit from the reffs they take they also take the opportunity from some other things like when we follow the signals they apply or whatever it is.
Indeed, we cannot avoid it because in the end something like this cannot be done by everyone. All know trading but not all can trade and maybe I am also included from not being able to follow trading properly so in this case we must know about our condition whether we are capable or not so as not to force the will that we cannot do.

My advice
Tighten your heart and carry your cross its a journey 
Get information and training on trading .
Also seek a mentor it help you develop strategies fast
Get ready to lose it must happen 

those so called influencers though, honestly just trying to make money off reffs, nothing more its already well known that the main income of these so called influencers aren't from their own trading themselves but through other people's trade where they got commisioned of course they would tell the good thing about trading meanwhile the reality is that trading is really difficult thats why 90% of people give up along the way.
you're literally going against the market giants, like whales, even worse institutional investors that have many edges, and you're armed with nothing but small capital, trying to profit off them which of course might seem good at the beginning due to beginner luck but definitely gonna go downhill ever since if you don't have really good strategy. thats what many ads and influencers always leave out when telling people to invests.

It seems to be a common thing now, and maybe most traders including beginners will get information about it and they already know it. Actually all traders will definitely involve themselves in every trade, I mean they will experience some mental and psychological disorders in trading, but it is natural because everyone has lust and also maybe with their greed, always want more than what they get and some do not accept defeat in the previous time. This will make traders become arrogant in trading and I'm sure they will forget all the trading plans they have prepared before. I think mental and psychological is the most important thing to have, because only that will help us to make realistic decisions.
Nowadays, there are a lot of lessons related to how to maintain psychology that they can get, and they can also find some of the right mentors to guide them.

So thats why profs use real classic strategies on crypto like BTC and ETH derivatives. There are several strategies and combinations possible with even ZERO RISK. But all these profs came from banks and know how these strategies are working. In crypto 99,9 % never worked with these kind of strategies or had worked at banks.
There is only one company in Dubai offering these kinds of  ZERO RISK derivatives strategies, look at DCIXX-Capital.

You are right that indeed more traders lose because they cannot control themselves. Well I mean they can't control their emotions in trading. The emotions that must be controlled in trading are the emotions of greed and the emotions of fear. These two things, namely Fear and Greed, must be controlled by traders who want to avoid losses in trading. Ah right, talking about emotions in trading, I think I just remembered that there is indeed a special analysis for this, namely sentimental analysis. I studied it a few months ago and it was quite helpful. But I have not mastered this one analysis. And how to get to know emotions and control emotions in trading can actually be learned through lessons on trading psychology. And there are books on this subject.

But after I also learned about it. Then I realized that the fact is that emotional control will still be more and more mastered when we have more and more experience in trading. The point is that experience can hone the mental resilience of a trader.

Everything must go through a process, it cannot be done instantly, especially this is a trade that has a very high risk. If trading can make people rich quickly, then we have seen many people who have become rich in a short time now. Professional traders alone still have to develop themselves and are still learning, especially those who are beginners. And I'm sure many of them are also attracted because of advertisements from influencers or content creators on social media, and what they see is where the person (influencer) is when it's profitable. From there they are interested to start trading.

Recently, a friend of mine who doesn't trade yet said that if he had money, he would be able to get rich in crypto. I asked him what he meant. The answer was brilliant. He says, I will buy coins that are in the red zone, the price of which has fallen a little, hold them and then when the price rises, I will sell at a high price. In other words, he said, I would buy low and sell high. Brilliant plan) I tried to explain to him that everything is not so simple, but I'm not sure that he understood me

Beginners who want to get rich should remember that everything is not as simple as it might seem, but nothing is impossible here. First you need to understand whether this is your business and whether you want to do it. Also, don't rush. The best advice I would give is this: take $200 and train with that money in small amounts. Advise, ask, learn everything about trading.
Never use money you can't afford to lose, i.e. don't enter a trade with your last money for life. Have patience. Try to have fun.

I completely agree with this. It's crucial to bear in mind that trading in cryptocurrency can be quite risky. It's always better to start small and be patient rather than jumping in and trying to make huge profits right away. Instead, it's important to focus on building consistent gains over time. Have a solid risk management plan, and never let your emotions dictate your trades. Staying disciplined, staying informed, and focused on your long-term goals are the key players to a higher success rate in crypto trading.

Well, and almost all the beginners who came, mostly the goal is just to make a profit, I will say something that is true to the facts and includes myself, at first I was also tempted to start because I saw the big profits that other people got. However, in my opinion, this is only natural and may have become commonplace in the eyes of other traders. And they will realize it when they experience a loss, but that's good because it will be a reference for them so that something like that doesn't happen again. That's right, basically there are a lot of things that we have to prepare to be able to trade here, as you said in the form of risk management. But in self-control I will emphasize more on them, that they have to train their minds more. As we know trading activity is closely related to psychology and also calm, so you must be able to train yourself to get used to making peace with yourself or existing conditions. Because there are so many cases of losses that occur because they cannot maintain their mental and psychological health, those who have experienced a number of losses in the past then make it difficult for someone to think so it is also difficult to make the right decision. Many then experience MC because of problems like this.