Trading is risky, be conscious - page 9.

Rabata

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Quote from: Smitty Werben Man Jensen on July 02, 2023, 10:16:16 PM

Quote from: Jocuserious on July 02, 2023, 01:33:36 PM

If you are a good trader then have some possible rich in the future. Besides if you have no skills about trade then you can get poor health. So be alert you should join many group and Learn about trade then you will get expect trader. However depend on your target because we can't help for growth trader without your trying.

Things like that must be realized because in trading having knowledge and skills is so important,
we can't ignore it and at the time of making a decision when we don't have anything then it will make us make the wrong decision,
keep trying and learning because it will help in understanding trading.

Trading is one of the smart businesses. But to run this business a person must have a good knowledge about trading. Many of us imagine this as an easy way to make money but in reality there are many complexities involved. As a skilled trader can easily earn a lot of money from here, a trader who does not have enough trading knowledge he can loss his assets. Those who spend a long time in trading and gain knowledge can be successful in trading business.

nur rochid

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Quote from: Bushdark on July 04, 2023, 07:34:37 PM

Quote from: seanskie18 on July 02, 2023, 09:57:29 AM

Remember that trading is not a surefire way to fast success or fortune. It takes commitment, ongoing learning, and a disciplined approach. You can boost your chances of success in trading by starting with prudence, applying risk management measures, and gradually expanding your abilities and expertise.

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.

I think trading is how we communicate with the market. so we ourselves can lead us to a success. this is not a bad thing for the signal provider. they are also good at presenting signals. but if we ask ourselves, will we always depend on signals, and if those signals are no longer relevant, will we become signal hunters.... therefore using our own strengths to learn and process I think it will be wiser, so that later we can be independent and manage ourselves, until finally it is hoped that trading can become our main income

Onyeeze

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Quote from: Obari on January 19, 2023, 02:30:48 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?

When I started hearing of trading I even thought that is something someone can go into and start making money but I never knew that have implications and binding law which you most follow before you can make a profit, actually we can say that trading is risk and if you have not study well and understand it you will not know the genesis of the trading, all investment is a risk taker because they may come with profit now and tomorrow they go

Bushdark

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Quote from: seanskie18 on July 02, 2023, 09:57:29 AM

Remember that trading is not a surefire way to fast success or fortune. It takes commitment, ongoing learning, and a disciplined approach. You can boost your chances of success in trading by starting with prudence, applying risk management measures, and gradually expanding your abilities and expertise.

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.

Quidat

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Quote from: Alpha Marine on July 04, 2023, 02:57:19 PM

Quote from: Obari on January 19, 2023, 02:30:48 PM

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

Learn.
Take time and learn. Learning never stops, so even when you have learned and understood how trading works, you can still learn by gaining experience. Not everything will be taught to you when you're learning. Trading is something you learn on the job, it's a practical thing, and you'll only get better as you go.

Before you can succeed in anything, you have to develop a liking for that thing first. Trading is no different. If you don't like trading but want to trade because others are making money from it, you will most likely lose money to it. I believe this because when you don't like trading you'll find it hard to learn new things and keep up with the market.

And dont rush up yourself on learning everything in short period of time because it cant really be just that so simple and something that you could really be able to handle it out because if you do have
that kind of mindset on which you do take on it so easily and rushing up things then you would be missing out lots of points and things which you shouldnt really be skipping into.
Trading is risky and its never been that simple and you would be able to realize these things on the time that you would be stepping your foot into this market. Most likely people would really be having realizations on the time that they would be losing money which they should have able to avoid it on earlier if they are really just that sensible on their actions but since we are still a noob'
which it would be most likely that we are really that hard headed and would really go on things which we do really have in mind and would really be sticking into it.

Alpha Marine

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Quote from: Obari on January 19, 2023, 02:30:48 PM

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

Learn.
Take time and learn. Learning never stops, so even when you have learned and understood how trading works, you can still learn by gaining experience. Not everything will be taught to you when you're learning. Trading is something you learn on the job, it's a practical thing, and you'll only get better as you go.

Before you can succeed in anything, you have to develop a liking for that thing first. Trading is no different. If you don't like trading but want to trade because others are making money from it, you will most likely lose money to it. I believe this because when you don't like trading you'll find it hard to learn new things and keep up with the market.

RewFrew

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Quote from: Obari on January 19, 2023, 02:30:48 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.

FantasyGold

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Trading is risky but what is not risky that is worthy of our time? Or is it a worthy way to generate revenue? I believe almost everything is risky in that sense. So the risk is there but it can be taken care of with the right approach, and that is just what I prefer to do. I usually prefer Forex trading, and that with brokers like FXOpulence, where there is a lot of ease and comfort. Ultimately, these are the kind of things that makes for a better journey.

Cryptmuster

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Quote from: Minecache on July 02, 2023, 09:48:16 PM

Even many people support and encourage newbies to use the demo account to learn technical analysis and use it for a long time. That will really lead to a bad outcome as it will create a bad habit for a trader.

To be honest, I fell into that bad situation when trading forex, I started with a demo account, and after months of practice, I gained knowledge and achieved good results. But when I started using my real account with my real money, it was almost impossible for me to apply what I did with the demo account because my emotions changed. I am completely lost and disoriented, it can be said that I am still a newbie when I started using a real account.

Once upon a time, I also created a demo account for myself on Forex, the experience I got was similar to yours. I can say that trading on demo accounts is practically a useless thing. The only thing it's good for is to figure out how to manage the available tools, and for everything else it's useless. With real money, the responsibility is completely different and, accordingly, the emotions are also completely different.

darewaller

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Quote from: waONE on July 02, 2023, 01:54:44 AM

Quote from: WatChe on July 02, 2023, 12:00:17 AM

Quote from: Altryist on March 09, 2023, 04:40:48 PM

A demo account is generally a separate issue, the benefits of using them are very doubtful. I doubted the usefulness of demo accounts long before I learned about trading, when I had a chance to try to bet on a demo account. The demo account does not give you the feeling of contact with real money, it is an irresponsible game where we can not lose anything, which means we cannot get real experience there. Trading with a demo account is also the same, it's just a game that doesn't teach us much.

Demo accounts are good for practising prior to jumping into actual trading. To me Demo Accounts are like swimming pools and actual trading with money is sea, you can learn swimming in pool but your actual test is when you jump into real water aka sea. To avod losses in trading its best to practise in demo accounts and jump into real trading with small cash. We can mix both these strategies to avoid initial losses in trading. The real test no doubt comes with actual trading and with actual money.

Yes, I agree with what you explained, so don't have high expectations because it will be different,
real trading is much more complicated,
demo account is just to get to know the existing features.

Whether it's a demo trade or real trade, I think it's better to be humble and don't expect too much because there are still no guarantees here in crypto trading. Doing so, will let you move on easily in case you will lose and you will not be disappointed by your trading performances so can always try again. When we use demo trade, maybe we need to be realistic, I mean just use the amount that you will usually use when you trade for real and then you need to be serious about it, that way, there will be no real difference between a demo trade and a real trade.

Demo trading is mainly used to practice trading but it will still help you familiarize to the features of the trading platform that you will be using however, without using demo trade, it is still possible to learn or know the features of a trading platform by simply looking at them and reading their instructions.

Smitty Werben Man Jensen

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Quote from: Jocuserious on July 02, 2023, 01:33:36 PM

If you are a good trader then have some possible rich in the future. Besides if you have no skills about trade then you can get poor health. So be alert you should join many group and Learn about trade then you will get expect trader. However depend on your target because we can't help for growth trader without your trying.

Things like that must be realized because in trading having knowledge and skills is so important,
we can't ignore it and at the time of making a decision when we don't have anything then it will make us make the wrong decision,
keep trying and learning because it will help in understanding trading.

Minecache

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Quote from: Sterbens on July 02, 2023, 08:54:19 AM

Quote from: Minecache on July 02, 2023, 05:45:08 AM

In my opinion, for those who already know how to place buy and sell orders, stop loss, etc., basic trading steps, there is no need to use a demo account. Remember that emotions will largely determine our outcome in trading, so I would bet anyone, just because they are confident in demo trading, doesn't mean they will stay mentally and emotionally that when using a real account. Even if they consider themselves experts when using a demo account, they will still be newbies if they switch to a real account. Because between losing real money and fake money will lead to different feelings and thoughts, which in turn lead to different decisions.
If a newbie wants to start trading, use a real account with a minimum amount for the best real experience instead of living in a simulator.

Yes, that's right, I really agree with you. A demo account is important but only for those who are very beginners who don't know anything about the world of trading and how to do it, therefore the company provides an opportunity for them to learn everything on a demo account. If basically someone already knows about the main points in the world of trading I think they really should jump into a real account, because it's useless if they continue to stay on a demo account they won't get real experience. A demo account and a real account will indeed be very different, but what makes it different is a person's point of view when starting trading, which requires sufficient mental and psychology when they want to start on a real account. In contrast to the demo account, in every trade on the demo account they don't really need to be mental because this is only a training account where they will not lose if they lose.

Even many people support and encourage newbies to use the demo account to learn technical analysis and use it for a long time. That will really lead to a bad outcome as it will create a bad habit for a trader.

To be honest, I fell into that bad situation when trading forex, I started with a demo account, and after months of practice, I gained knowledge and achieved good results. But when I started using my real account with my real money, it was almost impossible for me to apply what I did with the demo account because my emotions changed. I am completely lost and disoriented, it can be said that I am still a newbie when I started using a real account.

omgitsmehehe

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Quote from: Jocuserious on July 02, 2023, 01:33:36 PM

If you are a good trader then have some possible rich in the future. Besides if you have no skills about trade then you can get poor health. So be alert you should join many group and Learn about trade then you will get expect trader. However depend on your target because we can't help for growth trader without your trying.

Read, learn and apply, these steps have helped me alot from struggling areas in trading. I'm exceedingly cautious when working with the market because it's volatile and things don't always go as planned. Making certain that I thoroughly read crypto-related pdfs in order to grasp the vital knowledge that has emerged around the space. When you're on the correct track, you can expect benefits from the market. Trading is dangerous, so we need take precautions when trading. I wouldn't want to record losses because it would be one step closer to liquidating my accounts.

AnonBitCoiner

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Quote from: Hyphen(-) on February 09, 2023, 04:33:51 AM

There is no doubt that risk must be taken in any business, not just cryptocurrency trading.
However, basic and adequate knowledge is required in order to minimize risk; but even so, some people will jump into trading or any business without having any knowledge of that particular business; these are the people who fail quickly and end up blaming those who introduced them to the business, particularly crypto trading.

Without taking risk one cannot understand well about any business and understanding is most important thing for success. We always learn from mistakes but some people think that once they face failure they will never win again and this is totally wrong concept..

I will suggest that just focus on learning first because neither you are going anywhere nor your profit which is yours so just try to get knowledge about each and everything related to selected business.

Remember that once you have complete idea about business then you can easily earn money but if you don't have any idea then there will be something hard for you to earn money at start. Try to find your goals then work for it then you will easily what you want and will never blame any other person as acceptance of Fault and mistakes are also steps towards success.

Jocuserious

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If you are a good trader then have some possible rich in the future. Besides if you have no skills about trade then you can get poor health. So be alert you should join many group and Learn about trade then you will get expect trader. However depend on your target because we can't help for growth trader without your trying.

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Remember that trading is not a surefire way to fast success or fortune. It takes commitment, ongoing learning, and a disciplined approach. You can boost your chances of success in trading by starting with prudence, applying risk management measures, and gradually expanding your abilities and expertise.

promisedtech

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Well everything in this life is all about taking risk,and believe me if you don't lose your money while trading then you won't get better ask all those making millions although they do make some loss but they make profit More than loss and they've once lose all or most of their money invested into trading . Besides when you lose money for the first time, then it will tell whether you will continue or back out,that crucial moment is the moment you real interest will be decided. So in conclusion, trading is risky but you can make it more profitable than the risk

Lorence.xD

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Quote from: Sterbens on July 02, 2023, 08:54:19 AM

Quote from: Minecache on July 02, 2023, 05:45:08 AM

In my opinion, for those who already know how to place buy and sell orders, stop loss, etc., basic trading steps, there is no need to use a demo account. Remember that emotions will largely determine our outcome in trading, so I would bet anyone, just because they are confident in demo trading, doesn't mean they will stay mentally and emotionally that when using a real account. Even if they consider themselves experts when using a demo account, they will still be newbies if they switch to a real account. Because between losing real money and fake money will lead to different feelings and thoughts, which in turn lead to different decisions.
If a newbie wants to start trading, use a real account with a minimum amount for the best real experience instead of living in a simulator.

Yes, that's right, I really agree with you. A demo account is important but only for those who are very beginners who don't know anything about the world of trading and how to do it, therefore the company provides an opportunity for them to learn everything on a demo account. If basically someone already knows about the main points in the world of trading I think they really should jump into a real account, because it's useless if they continue to stay on a demo account they won't get real experience. A demo account and a real account will indeed be very different, but what makes it different is a person's point of view when starting trading, which requires sufficient mental and psychology when they want to start on a real account. In contrast to the demo account, in every trade on the demo account they don't really need to be mental because this is only a training account where they will not lose if they lose.

If I remember it correctly there's already some games where focuses on how trading works so it could be same to the real thing. From that you could start practicing and be familiar to it as you study how trading works since you can't rely on doing trading by just playing some simple games. You'd still have to do your own research especially there are different exchanges for you to use in this industry. And I'm with you, if you're really into trading it should be the real thing so you could really master it early. They could start at a small amount first by that they could gather experience. It will enhance their mental thinking as well their decision making since there's already money at stake. Demo/games still you will be engaging into the real thing so take the risk with proper knowledge and persistent.

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Quote from: Minecache on July 02, 2023, 05:45:08 AM

In my opinion, for those who already know how to place buy and sell orders, stop loss, etc., basic trading steps, there is no need to use a demo account. Remember that emotions will largely determine our outcome in trading, so I would bet anyone, just because they are confident in demo trading, doesn't mean they will stay mentally and emotionally that when using a real account. Even if they consider themselves experts when using a demo account, they will still be newbies if they switch to a real account. Because between losing real money and fake money will lead to different feelings and thoughts, which in turn lead to different decisions.
If a newbie wants to start trading, use a real account with a minimum amount for the best real experience instead of living in a simulator.

Yes, that's right, I really agree with you. A demo account is important but only for those who are very beginners who don't know anything about the world of trading and how to do it, therefore the company provides an opportunity for them to learn everything on a demo account. If basically someone already knows about the main points in the world of trading I think they really should jump into a real account, because it's useless if they continue to stay on a demo account they won't get real experience. A demo account and a real account will indeed be very different, but what makes it different is a person's point of view when starting trading, which requires sufficient mental and psychology when they want to start on a real account. In contrast to the demo account, in every trade on the demo account they don't really need to be mental because this is only a training account where they will not lose if they lose.

Minecache

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Quote from: waONE on July 02, 2023, 01:54:44 AM

Quote from: WatChe on July 02, 2023, 12:00:17 AM

Quote from: Altryist on March 09, 2023, 04:40:48 PM

A demo account is generally a separate issue, the benefits of using them are very doubtful. I doubted the usefulness of demo accounts long before I learned about trading, when I had a chance to try to bet on a demo account. The demo account does not give you the feeling of contact with real money, it is an irresponsible game where we can not lose anything, which means we cannot get real experience there. Trading with a demo account is also the same, it's just a game that doesn't teach us much.

Demo accounts are good for practising prior to jumping into actual trading. To me Demo Accounts are like swimming pools and actual trading with money is sea, you can learn swimming in pool but your actual test is when you jump into real water aka sea. To avod losses in trading its best to practise in demo accounts and jump into real trading with small cash. We can mix both these strategies to avoid initial losses in trading. The real test no doubt comes with actual trading and with actual money.

Yes, I agree with what you explained, so don't have high expectations because it will be different,
real trading is much more complicated,
demo account is just to get to know the existing features.

In my opinion, for those who already know how to place buy and sell orders, stop loss, etc., basic trading steps, there is no need to use a demo account. Remember that emotions will largely determine our outcome in trading, so I would bet anyone, just because they are confident in demo trading, doesn't mean they will stay mentally and emotionally that when using a real account. Even if they consider themselves experts when using a demo account, they will still be newbies if they switch to a real account. Because between losing real money and fake money will lead to different feelings and thoughts, which in turn lead to different decisions.
If a newbie wants to start trading, use a real account with a minimum amount for the best real experience instead of living in a simulator.

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