Trading is risky, be conscious - page 8.

ancafe

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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.

That's one of the mistakes that we often see and trading will not guarantee someone to get rich quickly. I believe trade can bring someone to the stage of financial freedom, but if done correctly and know the trading strategy well.

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

The key to success in trading is knowledge and strategy, this is a need to reach the stage of financial freedom, while experience can be done by utilizing small amounts for mental readiness in trading because without trading knowledge it is not the right step to take. When you are directly involved in trading and have knowledge, it will be easy to determine a strategy that is suitable for trading.

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Quote from: usekevin on July 06, 2023, 02:44:15 PM

It’s essential one to learn trading before investing the money into the trading.People with less knowledge on trading will do random investing and loss their money in trading.Many panic traders had left the trading business because of random investment and loss due to that investment.Instead give some time to learn trading and analysis the trading strategies and fundamentals.Then inverse in the trading and earn good profit from it.The random investment in both stock and crypto currency trading is never recommended one.

You have made a very good point that knowledge and experience are very important before investing in the cryptocurrency market.Trading in the cryptocurrency market is a very risky investment,where you can get a very good profit but your capital can also be lost.Therefore trading in the cryptocurrency market without experience will put you at a disadvantage.The cryptocurrency market is a very volatile market.Here at any time the market can go up and at any time the market can go down.Therefore, one should never trade without experience, information and analysis.Before entering any business it is necessary to have experience in that business.There are many platforms for new people to learn. Where they can get good material related to trading

death69

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Quote from: usekevin on July 06, 2023, 02:44:15 PM

It’s essential one to learn trading before investing the money into the trading.People with less knowledge on trading will do random investing and loss their money in trading.Many panic traders had left the trading business because of random investment and loss due to that investment.Instead give some time to learn trading and analysis the trading strategies and fundamentals.Then inverse in the trading and earn good profit from it.The random investment in both stock and crypto currency trading is never recommended one.

I have to be honest and say that you have a very limited viewpoint. You need more than discipline and strategy to succeed in trading. This warfare is so harsh that only the strongest will survive. Don't put too much stock in what I say; I have a reputation for being jaded and critical. To be successful in trading, you need to take into account a wide range of variables, including economic and market trends, investor emotions, political and technical shifts, and technological innovation.

A haphazard investment isn't always a bad one in my book. A positive trend may be picked up by this method when'strategic' investors fail to notice it. Successful traders recognise that the market is a wild animal that can't always be predicted.

But try not to lose hope. Mastering trading requires a commitment to lifelong learning, flexibility, and, yes, risk-taking. Prepare yourself for the challenges, and perhaps the rewards, of a career in international trade.

Shishir99

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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?

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.

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Quote from: judaspriest on July 06, 2023, 09:20:58 PM

Sometimes there are still many people who think they can trade without having to study first,
we know that crypto is a risky place and a little mistake will make you lose money,
crypto trading is so complicated that when we don't have any knowledge about trading it is difficult to survive.

Trading has it own risk and we can also have our own decision to choose on wether to go for the risk in it highest level or remain low with the strategy we could wanted to use, knowing that you could also make some trading that will landed you at loosing your entire investment at once if the trade doesn't work out as planned while you could also engage on same trade but never loose your entire investment but part of it, may people have also gained alot using various trading strategies to make their daily income and profits.

uswa56

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Quote from: RockBell on July 07, 2023, 08:52:09 AM

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?

That's what kills some people they invest in what they don't know and at the end of the day the risk increases, going to exchanges to buy is the easiest, and after the action within them they are already a trader not having a target, or goal to meet up with. While risk management is one of the best ways to focus on, avoid using all of your money to trade or engage in revenge trading because if you do, you're already using your own hands to dig your own grave. The best thing I always recommend even if you want to trade is to always seek knowledge. People with knowledge are losing money, but they tend to talk more about people who have no knowledge at all. You can make money from trading and you can also lose all of your money.

Basically the most important thing is knowledge, before doing anything there must be prior knowledge and understanding of risks and possibilities, it helps a little to minimize risks in trading.
every trade certainly has risks, especially in crypto trading which has fairly fast price movements, but each risk will be proportional to the possible profits you get.
And the most difficult thing is controlling oneself from greed, many new traders are destroyed because of greed on him.

Obari

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Quote from: RockBell on July 07, 2023, 08:52:09 AM

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?

That's what kills some people they invest in what they don't know and at the end of the day the risk increases, going to exchanges to buy is the easiest, and after the action within them they are already a trader not having a target, or goal to meet up with. While risk management is one of the best ways to focus on, avoid using all of your money to trade or engage in revenge trading because if you do, you're already using your own hands to dig your own grave. The best thing I always recommend even if you want to trade is to always seek knowledge. People with knowledge are losing money, but they tend to talk more about people who have no knowledge at all. You can make money from trading and you can also lose all of your money.

Right now, the world is evolving and technologies are advancing and I'm sure this is also applicable to trading because currently now, there is a feature which allows people to copy trades from other traders without having to be bothered about charts and proce movements and I believe with this very feature trades don't need to wait till they have all the knowledge on earth before earning and profiting from trading because this features lows people to earn why they learn and with that alone, one will always stay motivated to learn the trading and do the trading themselves without having to pay commissions to the trader they're copying from.

Life is a risk in general and trading is a profitable risk worth taking just that it should be done wisely.

RockBell

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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?

That's what kills some people they invest in what they don't know and at the end of the day the risk increases, going to exchanges to buy is the easiest, and after the action within them they are already a trader not having a target, or goal to meet up with. While risk management is one of the best ways to focus on, avoid using all of your money to trade or engage in revenge trading because if you do, you're already using your own hands to dig your own grave. The best thing I always recommend even if you want to trade is to always seek knowledge. People with knowledge are losing money, but they tend to talk more about people who have no knowledge at all. You can make money from trading and you can also lose all of your money.

Fivestar4everMVP

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Quote from: judaspriest on July 06, 2023, 09:20:58 PM

Quote from: usekevin on July 06, 2023, 02:44:15 PM

It’s essential one to learn trading before investing the money into the trading.People with less knowledge on trading will do random investing and loss their money in trading.Many panic traders had left the trading business because of random investment and loss due to that investment.Instead give some time to learn trading and analysis the trading strategies and fundamentals.Then inverse in the trading and earn good profit from it.The random investment in both stock and crypto currency trading is never recommended one.

Sometimes there are still many people who think they can trade without having to study first,
we know that crypto is a risky place and a little mistake will make you lose money,
crypto trading is so complicated that when we don't have any knowledge about trading it is difficult to survive.

Well, sorry to say, but I think crypto trading isn't specially difficult or complicated as you say or think, crypto trading is just the same way as trading Forex, trading the stock market and so on, I personally even think that crypto trading is a bit more easier to follow an understand compared to Forex and stock.

Why it seems crypto trading is more risky than those other two is probably because crypto assets are more volatile and experience more prices swings than the rest of other asset market.

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Quote from: usekevin on July 06, 2023, 02:44:15 PM

It’s essential one to learn trading before investing the money into the trading.People with less knowledge on trading will do random investing and loss their money in trading.Many panic traders had left the trading business because of random investment and loss due to that investment.Instead give some time to learn trading and analysis the trading strategies and fundamentals.Then inverse in the trading and earn good profit from it.The random investment in both stock and crypto currency trading is never recommended one.

They should, they really need to really study and analyze everything before investing and entering the world of trading. we know that the alert level of ordinary people sometimes decreases when they see the results obtained by other people. they sometimes rush to get the same result. in the end they choose trading investments at random and then find a big risk in it.
Even professional traders need to do research and analysis before making decisions because of the risks involved in trading. however, sometimes very many people lower their alert level in the rush to get results.

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Quote from: usekevin on July 06, 2023, 02:44:15 PM

It’s essential one to learn trading before investing the money into the trading.People with less knowledge on trading will do random investing and loss their money in trading.Many panic traders had left the trading business because of random investment and loss due to that investment.Instead give some time to learn trading and analysis the trading strategies and fundamentals.Then inverse in the trading and earn good profit from it.The random investment in both stock and crypto currency trading is never recommended one.

Sometimes there are still many people who think they can trade without having to study first,
we know that crypto is a risky place and a little mistake will make you lose money,
crypto trading is so complicated that when we don't have any knowledge about trading it is difficult to survive.

usekevin

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It’s essential one to learn trading before investing the money into the trading.People with less knowledge on trading will do random investing and loss their money in trading.Many panic traders had left the trading business because of random investment and loss due to that investment.Instead give some time to learn trading and analysis the trading strategies and fundamentals.Then inverse in the trading and earn good profit from it.The random investment in both stock and crypto currency trading is never recommended one.

ItsCrafty

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Quote from: benalexis12 on July 06, 2023, 08:34:51 AM

The most important thing in trading is knowledge as long as it is enough for us to get income from it, because if we lack knowledge it will be difficult for us to get income from it for sure. It is difficult to venture into guesswork in trading.
In addition to that, we must also know how to use tools here such as reading candlesticks, indicators and other tools for conducting trading activity. Because just a little mistake, our assets here can be lost or disappear immediately.

I think risks are present everywhere, whether it be in trade, business, or both of them. You will either make a profit or sustain a loss, irrespective of the economic situation, fluctuations in the market, etc. It ultimately depends on you to what extent you are knowledgeable about this trading or business, and to what extent you have the analytical skills or expertise necessary to deal with the current circumstance.
Therefore, it is best to avoid making emotional decisions based on current trends. Instead, you should look around, do a thorough investigation, and, if you observe any changes, alter your plan. To prevent losses, intelligent professionals should trade with discipline and stability.

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Quote from: Inwestour on July 05, 2023, 08:54:20 AM

Quote from: Bushdark on July 04, 2023, 06:34:37 PM

I am always surprised when I see gamblers always over prepared to learn how to trade because they think that they can start making profits from the market as soon as possible. It is not easy to make profits from trading that is why we do see other traders coming back to aks for where they can get sure signals they can use to trade the market and make money for themselves. Trading is very difficult and we should not expected to start tarding today and tomorrow we are going to start making profits. Everything is gradually not to be in a rush.

In order to change the result, you first need to change something in yourself, in the case of trading, this will be knowledge and experience gained. Therefore, on the one hand, it is difficult to expect changes if we do everything the old way, but on the other hand, active traders may have a chance, if as a result of trading we get some understanding of our actions and mistakes, due to which we lose money.

The most important thing in trading is knowledge as long as it is enough for us to get income from it, because if we lack knowledge it will be difficult for us to get income from it for sure. It is difficult to venture into guesswork in trading.
In addition to that, we must also know how to use tools here such as reading candlesticks, indicators and other tools for conducting trading activity. Because just a little mistake, our assets here can be lost or disappear immediately.

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Most of the newbies always think about how they can get rich quick. They think that trading will bring them quick profit in a short period of time but they have no idea about this. Basically, if an investor trades without understanding, then he can surely fall into huge losses. People who don't know much about trading must take good advice first. If there is no general education about trading then it will definitely be risky for him. So those who are new to trading and want to earn money should understand the various tips and then jump into trading. Gaining good knowledge about trading skills and later trading with the advice of a wise person will definitely make profit.

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Quote from: ItsCrafty on July 05, 2023, 12:53:55 PM

Quote from: Obari on July 05, 2023, 11:08:32 AM

l think trading is not too easy matter. It is too much difficult to profit from here. To be a good trader you have to gather huge knowledge about cryptocurrency market. Without proper knowledge anyone cannot profit from trading. So at first you have to learn more then start trading. If some times you will be profited by chance but it will never sustainable. Finally you will be losser.

You have said it very well. Whether it is trading, business, or both, risks are present everywhere. Whether it is from an economic point of view, fluctuations in the market, etc., you will either make a profit or suffer a loss. Now it depends on you how much knowledge you have about this trading or business, and secondly, how much analytical ability or experience you have to tackle the existing situation. So, it is better to never make emotional decisions based on current trends; instead, look around and do thorough research about them, and if you notice any change, change your strategy. An intelligent professional should have disciplined and stable trading to avoid losses.

Yep, there's only two possible outcomes which is to make profits or to lose money which it would really be just that normal on the time that you would really be making out some investment or engaging yourself on
those things which could bring out some income. Its true that there are really other methods and ways but applying it out and dealing with this wouldnt really be that so simple. On the time that you would considering
on taking such step into trading world then prepare yourself on something that would really be that unpredictable on any market + having that extreme volatile prices on which handling yourself on making positions
would really be a huge challenge and not something that you could be able to handle so easily.It would surely takes time and lots of effort to be made for you to be able to handle out yourself on this market.
Never ever make yourself in a rush because this is usually people do commit out lots of errors and mistakes on which it would really be just right that you should take it slowly but surely.

ItsCrafty

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Quote from: Obari on July 05, 2023, 11:08:32 AM

l think trading is not too easy matter. It is too much difficult to profit from here. To be a good trader you have to gather huge knowledge about cryptocurrency market. Without proper knowledge anyone cannot profit from trading. So at first you have to learn more then start trading. If some times you will be profited by chance but it will never sustainable. Finally you will be losser.

You have said it very well. Whether it is trading, business, or both, risks are present everywhere. Whether it is from an economic point of view, fluctuations in the market, etc., you will either make a profit or suffer a loss. Now it depends on you how much knowledge you have about this trading or business, and secondly, how much analytical ability or experience you have to tackle the existing situation. So, it is better to never make emotional decisions based on current trends; instead, look around and do thorough research about them, and if you notice any change, change your strategy. An intelligent professional should have disciplined and stable trading to avoid losses.

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Quote from: Inwestour on July 05, 2023, 08:54:20 AM

In order to change the result, you first need to change something in yourself, in the case of trading, this will be knowledge and experience gained. Therefore, on the one hand, it is difficult to expect changes if we do everything the old way, but on the other hand, active traders may have a chance, if as a result of trading we get some understanding of our actions and mistakes, due to which we lose money.

The goals in a trade will greatly affect the course of trading and one is required to be able to develop knowledge about market situations that will continue to change. The more strategies we master, the less likely we are to suffer losses and of course we also have to be able to place strategies according to market conditions. Change will come when a person continues to learn to improve his knowledge, takes previous loss experiences as a reference and tries his best to minimize the level of these losses.

On the contrary, I see that most mistakes occur when a person is no longer able to regulate himself psychologically, experiencing losses is natural because it is common in every trade if someone suffers a loss. Don't let this get us down and forget the targets we have set, such as stop loss and take profit. Most of them, including me, always fail when in this condition and always end up with a margin call, because maybe they don't have the mentality to accept all the consequences.

Obari

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Quote from: RewFrew on July 04, 2023, 01:29:30 PM

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?

l think trading is not too easy matter. It is too much difficult to profit from here. To be a good trader you have to gather huge knowledge about cryptocurrency market. Without proper knowledge anyone cannot profit from trading. So at first you have to learn more then start trading. If some times you will be profited by chance but it will never sustainable. Finally you will be losser.

So my advice at First you need to study about crypto. And when you will get time you will xome in Bitcointalk.org i think as a newbie you will learn huge information about cryptocurrency.

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.

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Quote from: Bushdark on July 04, 2023, 06:34:37 PM

I am always surprised when I see gamblers always over prepared to learn how to trade because they think that they can start making profits from the market as soon as possible. It is not easy to make profits from trading that is why we do see other traders coming back to aks for where they can get sure signals they can use to trade the market and make money for themselves. Trading is very difficult and we should not expected to start tarding today and tomorrow we are going to start making profits. Everything is gradually not to be in a rush.

In order to change the result, you first need to change something in yourself, in the case of trading, this will be knowledge and experience gained. Therefore, on the one hand, it is difficult to expect changes if we do everything the old way, but on the other hand, active traders may have a chance, if as a result of trading we get some understanding of our actions and mistakes, due to which we lose money.

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