Trading is very easy as people think but actually trading is not that easy. First need to know about cryptocurrency, risk and trading strategy. Newbies think that trading is very easy to get rich but they don't know that it has high risks. Before really jumping into the world of trading, it is important to understand risk management and funding first because trading is just as easy to get rich as it is to get poor.Those who are professional in trading always like to take risk because they can recover the risk but beginners cannot recover the risk due to which they face loss very easily.
The thing that beginners always miss before starting trading is thinking about the risks they face. Sometimes they focus too much on the good side. They are too focused on making big, fast profits. But they slightly ignore the big risks they face. Usually they will come to their senses after they have had a few unprofitable trades. And you are right that risk management must be studied and mastered before we enter into trading. Because without risk management, a person is prone to experiencing much higher losses. And yeah like you said. They will not easily recover the losses they face. In contrast to a reliable trader who trades with a mature strategy and management. which allows them to maintain stability of trading capital such as limiting losses with stop losses and such. 
Topic: Trading is risky, be conscious - page 7. (Read 2970 times)
The most important thing when trading is to trade carefully. Trading is risky enough. So we should take adequate precautions. Trade carefully by doing adequate research and adequate security checks on the platform you trade on. There are risks in every trading. However, if you are careful and do your own research, trade in the right place, this risk is greatly reduced.
While it is true that trading can be risky, it is also a safe haven within the same ecosystem. Different people engage in different types of trading, such as spot trading, which only loses money when the price is falling and necessitates a lot of patience because you only make money when the price is rising, and futures trading, which resembles gambling in that you either make money or lose the money while doing short and long and The problem arises when someone trades futures and the outcome is unfavorable because they will want to engage in revenge trading, which could result in them losing all of their money. This is a very bad habit. And taking the right steps matters a lot and mostly importantly security and research if left out then the person is already in the danger zone.
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?
What would be your advice for those wanting to trade as a newbie?
I'm a newbie but I have a little experience in trading , trading can be risky but you should risk something to get something in return now it depends on how you want to define your risk which depends on your greediness if you are not greedy you can leverage and get things set up
Trading is very easy as people think but actually trading is not that easy. First need to know about cryptocurrency, risk and trading strategy. Newbies think that trading is very easy to get rich but they don't know that it has high risks. Before really jumping into the world of trading, it is important to understand risk management and funding first because trading is just as easy to get rich as it is to get poor.Those who are professional in trading always like to take risk because they can recover the risk but beginners cannot recover the risk due to which they face loss very easily.
Your words are right. If anyone think that trading is a way to become rich so fast then that person must be living in a fool's paradise as he unknown about existence of hidden trouble. Trading is like science, need deep knowledge and skill for that including experience for doing big deals and survive for long in market. Dreaming about being a trader, isn’t bad but need to be learn first. Need to be patient and Should start with low amount and need practice during first stage
well, actually, trading can make us get profits quickly, it's just that the risks are very big. a lot of people think this is easy, and trade large amounts, on obscure altcoins, and they end up getting risk instead of profit.However, if you want to trade, try with minimal money and it doesn't affect the life we have when the money runs out. by practicing with minimal money, then you can see how trading works. it's very rare for a person to actually make a profit in a short time, especially if he's just learning how to do it.
be that definitely prone to lots of mistakes and errors on which it is really that a common approach.If you are really that mindful about your learning curve then spending small amounts should really be enough or sufficient.
You wont really be on your right mind on using tons of funds or capital when you are just starting up. Trading is risky whether you are a noob or a pro on which it would really be just that right that you should be that meticulous when it comes to your trading deal or something that do talks about this kind of activity. If you wont really be that someone whose conscious on what you are doing then you would definitely be losing
tons of money but well it is really that part of the learning process.
Always having that risks management and this is something that you would really be needing for you to be able to sustain because if not then you would be finding yourself losing tons.
If you are inexperienced, everything in the crypto market will seem risky to you. But when you get older in the crypto market, you will appreciate first hand trading more. Actually trading will give you daily profit but investing will give you profit for a fixed period of time. Moreover, investing will help you a lot to become suddenly rich.
I think even think that the crypto market looks that risky to newbies or people that are new to it because that are always have the eagerness to take risks and learn and invest in the cryptocurrency. The problem is that we don't expect everyone that are new to cryptocurrency to have the patience to learn some important things about the market before investing in it. For those of us that have friends that are already in cryptocurrency and the making good profits from it. When we even get into cryptocurrency, some of us then have the urge to make money too from it and this alot made some of us to make loses because we were too curious and zealous to make money too from the market. Cryptocurrency testimony can make some newbies to make serious mistakes because they want to start making money too from it.
This is why if we are giving newbies orientation about the cryptocurrency, we should not emphasize more on what they tend to gain from the market because, this alone can make newbies to be more interested in the profit making alone and not interested in learning the actual things that will be an eye opener to there success making money from the market.
all would really be that ending up success into this type of career.
Your words are right. If anyone think that trading is a way to become rich so fast then that person must be living in a fool's paradise as he unknown about existence of hidden trouble. Trading is like science, need deep knowledge and skill for that including experience for doing big deals and survive for long in market. Dreaming about being a trader, isn’t bad but need to be learn first. Need to be patient and Should start with low amount and need practice during first stage
well, actually, trading can make us get profits quickly, it's just that the risks are very big. a lot of people think this is easy, and trade large amounts, on obscure altcoins, and they end up getting risk instead of profit.However, if you want to trade, try with minimal money and it doesn't affect the life we have when the money runs out. by practicing with minimal money, then you can see how trading works. it's very rare for a person to actually make a profit in a short time, especially if he's just learning how to do it.
that in a rush because this would really be making out that kind of desperation which would really be resulting on non clear analysis and kind of realization on what are the positions that you should
really be making whether buying or selling.
Your words are right. If anyone think that trading is a way to become rich so fast then that person must be living in a fool's paradise as he unknown about existence of hidden trouble. Trading is like science, need deep knowledge and skill for that including experience for doing big deals and survive for long in market. Dreaming about being a trader, isn’t bad but need to be learn first. Need to be patient and Should start with low amount and need practice during first stage
well, actually, trading can make us get profits quickly, it's just that the risks are very big. a lot of people think this is easy, and trade large amounts, on obscure altcoins, and they end up getting risk instead of profit.However, if you want to trade, try with minimal money and it doesn't affect the life we have when the money runs out. by practicing with minimal money, then you can see how trading works. it's very rare for a person to actually make a profit in a short time, especially if he's just learning how to do it.
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 for beginners who want to start trading on the crypto market is to only get into coins that are fundamentally strong and still have a growing ecosystem and projects that are still ongoing and continue to have improvements. At least if we trade on coins that have strong fundamentals then when the price goes down we can still hope that the price will go back up. In contrast to coins with weak fundamentals like meme coins which only rely on hype. when we play in coins that are fundamentally weak then when we have already bought above and the price starts to fall. So the potential for a rebound is very small. We tend to have to make choices to make stop losses to minimize losses. And other suggestions, of course you have to be adept at analyzing before starting. 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?
Your words are right. If anyone think that trading is a way to become rich so fast then that person must be living in a fool's paradise as he unknown about existence of hidden trouble. Trading is like science, need deep knowledge and skill for that including experience for doing big deals and survive for long in market. Dreaming about being a trader, isn’t bad but need to be learn first. Need to be patient and Should start with low amount and need practice during first stage
If you are inexperienced, everything in the crypto market will seem risky to you. But when you get older in the crypto market, you will appreciate first hand trading more. Actually trading will give you daily profit but investing will give you profit for a fixed period of time. Moreover, investing will help you a lot to become suddenly rich.
I think even think that the crypto market looks that risky to newbies or people that are new to it because that are always have the eagerness to take risks and learn and invest in the cryptocurrency. The problem is that we don't expect everyone that are new to cryptocurrency to have the patience to learn some important things about the market before investing in it. For those of us that have friends that are already in cryptocurrency and the making good profits from it. When we even get into cryptocurrency, some of us then have the urge to make money too from it and this alot made some of us to make loses because we were too curious and zealous to make money too from the market. Cryptocurrency testimony can make some newbies to make serious mistakes because they want to start making money too from it.
This is why if we are giving newbies orientation about the cryptocurrency, we should not emphasize more on what they tend to gain from the market because, this alone can make newbies to be more interested in the profit making alone and not interested in learning the actual things that will be an eye opener to there success making money from the market.
If you are inexperienced, everything in the crypto market will seem risky to you. But when you get older in the crypto market, you will appreciate first hand trading more. Actually trading will give you daily profit but investing will give you profit for a fixed period of time. Moreover, investing will help you a lot to become suddenly rich.
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 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 not just risky trading is hard, i see a lot of trading courses out there and probably some influencers ripping off some newbies with huge amount of money for mentorship or some trading course, after than you just jump to the chart, place a trade and boom it goes against you big time and you start to question your strategy then you will understand the psychology that trading is not that simple.
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?
I will agree with you that many people consider trading as an easy money earning scheme. But in reality there is no way to call trading is easy. A trader must acquire proper knowledge in order to trade. Some people fail in trading even after acquiring various knowledge about trading for a long period of time. There are also many who start trading without any knowledge and at some point lose their invested money and become bankrupt. So at the beginning of trading a trader must acquire various knowledge otherwise the chances of losing are vey high. 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?
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 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 not just risky trading is hard, i see a lot of trading courses out there and probably some influencers ripping off some newbies with huge amount of money for mentorship or some trading course, after than you just jump to the chart, place a trade and boom it goes against you big time and you start to question your strategy then you will understand the psychology that trading is not that simple.
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 not money making machine where you getting only profit without risk. I think it's their non sense thinking they will get quick rick in trading,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's really difficult business when you will start live trading but its also lucrative who are experienced and they know that how to control their money management in trading.
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 not money making machine where you getting only profit without risk. I think it's their non sense thinking they will get quick rick in trading,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's really difficult business when you will start live trading but its also lucrative who are experienced and they know that how to control their money management in trading.
The most important thing when trading is to trade carefully. Trading is risky enough. So we should take adequate precautions. Trade carefully by doing adequate research and adequate security checks on the platform you trade on. There are risks in every trading. However, if you are careful and do your own research, trade in the right place, this risk is greatly reduced.
If you are afraid of risks, then there will simply be no earnings. You need to understand that profit is the payment for risks, in fact. So, you just need to know how to work with it correctly.
All kinds of investment there's a risk especially in trading because it's higher risk than investing. According to research 90% of traders are not profitable, in fact they lose money. I agree what you've said that there's no earning without risk and because we know that most of the traders are losers we have to find a way to minimize the risks in trading. The best thing to do is to find a strategy that works for you, enhanced your psychology, and don't forget the risk management. Just stick to your plan, avoid FOMO, don't let your emotions control you, and you will have a higher chance to be profitable in the future. hero member
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It seems cryptocurrency is the first thing that comes to mind when people talk about trading and trading have several assets which cryptocurrencies is one of them and people shouldn't always confuse cryptocurrency with trading in general and just as I've said, trading is risky and nothing is guaranteed in trading.
Trading cab be an easy way to make money but having the proper knowledge of pairs will save one from so many unnecessary losses and as such I will advice people to get grounded in the knowledge and do more of demo trading before jumping into real funds trading and as well work on their greed level and the rest.
Trading cab be an easy way to make money but having the proper knowledge of pairs will save one from so many unnecessary losses and as such I will advice people to get grounded in the knowledge and do more of demo trading before jumping into real funds trading and as well work on their greed level and the rest.
It's not really like nothing is guaranteed; I know that trading is not as bad as gambling, where you are Only dependent upon luck, but for trading, be it crypto, Forex, stock, etc., you don't just enter the market so un-skillfully and expect that you will be lucky because there is a high chance that you will get disappointed several times, even worse than someone who had the Trading skill. A skilled trader will sure make a profit and also know how to minimise losses for more profit.
Trading is not a very easy way to make money, though, even with the skill; otherwise, a lot of people would have been venturing into it. Some people really think that traders are making a huge profit rather than a huge loss, but after they have gotten into it, they will realise that even some days of your trade will be very bad with a huge loss, despite any trading knowledge gained.
Cheers 🥂, Dr.Bitcoin_Strange 👺👺
New traders should approach trading with caution and realistic expectations. They should educate themselves about trading strategies, risk management, and market analysis. I think practicing with a demo account, managing risk, and starting small are important steps. Emotion control, continuous learning, and seeking mentorship or joining trading communities are really beneficial. Always be prepared for losses and using them as learning opportunities is crucial.
Demo account is only good for learning, it wont give you practical experience of trading with real money. Its better to get some experience through real account by putting small cash into it. There are many things which we all must be aware of before getting involve in crypto trading one is that huge profits in crypto comes at cost of taking risk. The crypto investment is not only about getting profit but also to bear losses. There are many failures in journey of a successful trader, so we need to be prepared about that also.
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