Trading not for everyone! - page 15.

dunfida

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Quote from: IvugeoEvolutionCoin on September 06, 2023, 10:02:08 AM

Quote from: Fuso.hp on August 31, 2023, 12:27:42 AM

Bitcoin is always safer to hold and ALT coins are slightly riskier to hold than Bitcoin, but there are definitely some good quality coins in ALT coins that don't seem as risky as holding other common ALT points. Holding alt coins that have their own platform or their own exchange has a very low chance of losing. But whether we plan to hold ALT coin or Bitcoin we must accept risk because no matter how safe the coil is you must accept risk, any coin will be easier to hold if you can accept risk.
Users who can't take money risk and get too excited should stay away from trading because not being able to take risk and getting too excited puts their money and life at risk for both.

Investing in any coin involves risk. If you don't take risk, you will never see success. Sometimes we have to choose the coin with our own thinking and then invest. There are some coins which will involve money risk. Which coin to invest in? No. Before investing, it will be safe to check the coins and then invest. After investing, we have to sell the invested coins at the right time. We can't make more profit. If we are greedy, our money will be at risk.

So here's some simple cycle

1. Dyor
2. Choose which coin
3. Set out your entry
4. Set out your selling point
5. Repeat those steps above

It all matters with someones action whether you should really be careful or not when choosing up which coins or tokens you would really be investing but we know that the duration
or on how investing do works or how its been done would really be totally different if we do speak about trading. This one involves on facing up the market on active manner and you would
really be facing up that volatility on which it is really that something that you would really be needing to get prepared.

Trading isnt for everyone but doesnt mean that you would really be limiting yourself on dealing with the market because it would hinder also for you to make money
and its true that you would be needing to risk if you do really want to earn because if you dont then you would really be prone into those lots of missed chances or opportunities on making money.

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Quote from: Fuso.hp on August 31, 2023, 12:27:42 AM

Bitcoin is always safer to hold and ALT coins are slightly riskier to hold than Bitcoin, but there are definitely some good quality coins in ALT coins that don't seem as risky as holding other common ALT points. Holding alt coins that have their own platform or their own exchange has a very low chance of losing. But whether we plan to hold ALT coin or Bitcoin we must accept risk because no matter how safe the coil is you must accept risk, any coin will be easier to hold if you can accept risk.
Users who can't take money risk and get too excited should stay away from trading because not being able to take risk and getting too excited puts their money and life at risk for both.

Investing in any coin involves risk. If you don't take risk, you will never see success. Sometimes we have to choose the coin with our own thinking and then invest. There are some coins which will involve money risk. Which coin to invest in? No. Before investing, it will be safe to check the coins and then invest. After investing, we have to sell the invested coins at the right time. We can't make more profit. If we are greedy, our money will be at risk.

phuhuyxyz

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Quote from: letteredhub on August 24, 2023, 04:12:28 PM

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.

Yes. Buying and selling continuously every day is very difficult and not for everyone. There was a time when I continuously tripled my trading account in a short period of time, but then just 1-2 orders went wrong and I lost everything. Let's trade sustainably rather than grow fast. That is my own experience.

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Quote from: TelolettOm on September 04, 2023, 06:57:33 PM

Quote from: kingvirtus09 on September 01, 2023, 04:55:20 PM

Trading is only for everyone who has initiative to learn it, though there are sometime others begun to learn it but not taking seriously so in the end they stopped and not continuing because of having no willingness to do it. Just like the others thinking, trading is like a course where you need to spend time to learn it. In short, there is a process for this things, if anyone wants to earn the we must learn and for us to learn we should study it first.

You are right. Trading is only suitable for people who want to learn seriously. Trading is not easy as people think, it needs deep knowledge and skills in trading. We also must know well about trading types and the strategies, that will have a big role to determine the success of trading. And the last, we must have good mentality, must be patient. It is because trading won't always be easy, sometimes the market becomes difficult to predict. So, trading is quite complicated thing, won't fit for lazy people.

Don't forget the patience and perseverance because we know that learning trading will take time, which means you need to be learning it on a daily basis and in a stable way because if not, you'll lose your learning. That is why we need to persevere on doing it as we can't learn it just overnight, even though others are still learning it after a few years. Also, those who are trying to learn will be tested because you thought you would learn the basics, but it turns out you still haven't won because you still haven't established a strategy.

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Quote from: Inwestour on August 29, 2023, 07:01:22 AM

Quote from: Adbitco on August 28, 2023, 06:02:16 PM

Another thing to learn is that they should always used their spare money or money not in haste to make use of since most person's always expect huge profits from holding. From my understanding, whenever you are holding it should be for bitcoin only any other currency is at a very high risk because they posses the tendency of losing 99 percent and this alone had sent back people to their past. So why engaging yourselves with trading and hold you should also try as much as possible to only used their spare fund or an amount they spare to lose.

If you are in need of money, and you have no job and no source of income, then it is foolish to expect that trading will allow you to earn. You need to be prepared that trading will not generate income as soon as you start trading, and besides this, it takes some time to understand whether you can earn money in trading, or this activity is not for you.

Successful traders talk about how they enjoy trading, which means that you should only do what you like. If you don't like trading, or if you only want to do it for the sake of money, then you also need to understand that it may cause additional difficulties in achieving success in trading.

That mindset looks the same to those who play gambling because they are in need of money although many of them already have a capital because they know that they can't start the activity immediately if they don't have it. Same thing should be applied if we attempt to do trading. The only difference is trading is a little bit hard so we should learn some stuffs first.

But I know, these are likely to be skipped because we are rushing to earn anyway. It is still useless since the outcome that we can get are still mostly. If we don't have a money, the first thing that we should do is to find a job. We should only treat trading like a hobby on our free time. If it clicks, well the profit that we can get can be seen as a bonus for enjoying the activity.

TelolettOm

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Quote from: kingvirtus09 on September 01, 2023, 04:55:20 PM

Trading is only for everyone who has initiative to learn it, though there are sometime others begun to learn it but not taking seriously so in the end they stopped and not continuing because of having no willingness to do it. Just like the others thinking, trading is like a course where you need to spend time to learn it. In short, there is a process for this things, if anyone wants to earn the we must learn and for us to learn we should study it first.

You are right. Trading is only suitable for people who want to learn seriously. Trading is not easy as people think, it needs deep knowledge and skills in trading. We also must know well about trading types and the strategies, that will have a big role to determine the success of trading. And the last, we must have good mentality, must be patient. It is because trading won't always be easy, sometimes the market becomes difficult to predict. So, trading is quite complicated thing, won't fit for lazy people.

Out of mind

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Business is the plan where a new person wants to start, he must have good knowledge. Many times it is seen that people plan different ways to start trading in a new situation, but their plans are different, resulting in high risk of losing money. That's why newbies must first take good advice about trading and analyze the market before they can trade. Moreover, we know that trading is not for everyone that all people who are not skilled and have no experience about trading will never be able to profit. That is why one should first gain good experience about the market and then start trading with the amount of money he has. A loan should never be taken before starting a trade as there are many risks to be faced, so trading should be done with caution, and it is better to follow good decisions.

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Quote from: Dimitri94 on September 01, 2023, 06:27:56 AM

Quote from: letteredhub on August 24, 2023, 04:12:28 PM

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

Trading business may consider like a very simple business to many. But is trading business really easy? I think this is one of the hardest businesses in the world. We generally think that since it can be done online so easily, I might get something good from here in a short time. But the reality is different because it is a risky business platform. Where you can easily lose more. Volatility is usually high in the trading business, so you may see big changes in your assets over time, which is unexpected for many. In this kind of trading business it is very difficult to hold emotions. Many traders cannot control it as a result of which they can lose their wealth there. etc. There are several tough challenges a trader has to take which are not easy for everyone.

That's the point many people miss, it is not one of the easiest ways of making money and it should not really be one neither, you are talking about something that would be difficult and it is making money so it should be difficult anyway. Nobody makes money like it is the easiest thing in the world, it should be hard and if you ever get lucky and make money easily, I bet that it is not going to be easy to repeat that neither.

So, there is no situation where it will not be that simple, it should be something that takes time. I know that it will not be simple and we should be careful about it, but it is also possible at the same time, yes it is not easy, but it is not impossible neither and if you spend enough time on it, you may make profit.

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Quote from: HONDACD125 on September 01, 2023, 10:04:53 AM

Quote from: benalexis12 on September 01, 2023, 07:46:36 AM

Nowadays, I often see advertisements of trading opportunities online, such as on various social media platforms such as Facebook and Youtube, which often see their respective ads, such as OctaForex and others related to trading. It means that it is clear that at this time the trading industry is trending too much, and this is proof that there is really profit to be made here as long as you have knowledge here, and often I see copy trading and things that also exist in the crypto industry where we live. That's why if you're just entering here to make money and won't take this lesson seriously, it can be said that it's not for you.

It's true that there are advertisements for online trading these days, but there are also groups that provide you with online signals as well. There is a lot of activity on Facebook ,instagram, telegram and YouTube related to online trading. These platforms provide excellent information for newbies, and there is a good opportunity to learn from here. There is no doubt that online advertising and the efforts of these platforms are getting many people interested in trading, and the trading industry is expanding rapidly. Profit can be earned from this platform only if you have good experience and knowledge. Newbies must try to learn and keep themselves informed about the market. You are right that if someone comes here just to earn money without going to the market then this market is not for them, because instead of profit here they may face loss. Copy trading can be profitable, but it also requires experience. If profits could be made so easily, everyone would be making profits through copy trading.

When it comes to advertisement and other form of marketing, then it would really be just that normal that they would really be having that kind of approach because this is how business works or something that it would be talking about possible or add ups when it comes to money making on which hooking up those noobs on trying out to touch trading blindly which its true that once you do see on these ads and you are still that noob or lacking experience and awareness of these things, then most likely you would really be ending up on getting engaged with it and trying out to touch up that space
even if you do lack that knowledge.Ive seen tons of dedicated ads which is about copy trading even on just simply watching youtube and seeing those ads and even just scrolling facebook.
Yes, it has something to do with those SEO and automatic recommendations made out basing on what you do look and search which these things could totally hook up newbies if they arent really that careful. Yes, copy trading is something a name that could poke out newbies interest on touching up this space. Yes, they could make money but doing totally relying with those signal providers
isnt something that could make you better and even that sustainable in the end.

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Quote from: Viscore on September 02, 2023, 10:35:36 AM

Buy and hold strategy is mostly overlooked, why? Because people have established already in their minds that trading is the best way to make profits with crypto. At some point, it’s true, but on the other point, it’s a lie. Trading will make you profit, but it will also make you lose your wealth in an instant. If you trade without skills and experience in the market, you will never be efficient traders in the long run. This is the simple reason why trading may not be for all aspiring traders.

that's why trading is not for everyone. Maybe everyone can trade crypto, but not everyone can trade and make good profits.
beginners are more likely to be eager to trade than to be patient with their asset holdings. that's because what they think about is short-lived profits. finally, I believe there are quite a lot of traders who realize how important it is to be patient in investing more important than rushing to try trading.

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Quote from: letteredhub on August 24, 2023, 04:12:28 PM

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

This is the best advice for a newbie in cryptocurrency unfortunately the desire to earn huge profit quick and fast pushed a lot of them into trading which is very risky that is why 95% traders are losers, the easiest way of earning crypto is to buy and hodl during the bear market definitely there would be a time when the market would become bullish a period to sell your assets.

Quote from: letteredhub on August 24, 2023, 04:12:28 PM

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

Lack of patience and ability to persevere till the bull run is another issue that is usually associated with newbies, there is the urge to earn profit quickly of course the market isn't control by anyone but by forces of demand and supply most importantly fundamentals thus a new investor would have to wait before earning decently.

Quote from: letteredhub on August 24, 2023, 04:12:28 PM

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.

Some of the newbies are often carried away by the profits posted on social media by some traders, those profits displayed often entice a lot of newbies to follow the crowd in their bid to make money quickly unfortunately ended up rekting their hard earned money.

Viscore

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Buy and hold strategy is mostly overlooked, why? Because people have established already in their minds that trading is the best way to make profits with crypto. At some point, it’s true, but on the other point, it’s a lie. Trading will make you profit, but it will also make you lose your wealth in an instant. If you trade without skills and experience in the market, you will never be efficient traders in the long run. This is the simple reason why trading may not be for all aspiring traders.

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Quote from: kingvirtus09 on September 01, 2023, 04:55:20 PM

Trading is only for everyone who has initiative to learn it, though there are sometime others begun to learn it but not taking seriously so in the end they stopped and not continuing because of having no willingness to do it.

If you have plenty of money and don't want to learn and you're doing it just to have fun, you must be rich. But the majority of the traders that are trying it have their own reasons.

One is to earn and secondly is to learn.

Both must be a tandem and you can't just earn from it if you'll not learn especially to the losses and mistakes that you will commit.

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Quote from: kingvirtus09 on September 01, 2023, 04:55:20 PM

Trading is only for everyone who has initiative to learn it, though there are sometime others begun to learn it but not taking seriously so in the end they stopped and not continuing because of having no willingness to do it. Just like the others thinking, trading is like a course where you need to spend time to learn it. In short, there is a process for this things, if anyone wants to earn the we must learn and for us to learn we should study it first.

A continuous learning process to adopt changes, there's no stopping as trading always have surprises in terms of market
movements, if you failed to adopt losing is possible.

You need to work your way in earning more knowledge from each time you made your trade, better to make sure that you will be able to
adopt what it's needed to learn to properly anticipate what will be the possible next market movements.

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Quote from: EarnOnVictor on September 01, 2023, 05:20:45 AM

~~~

Yeah, @EarnOnVictore, normally trading is a thing of the mind and mental calculation and not just any kind of person can really make trading a habit, knowing fully well that if they start trading for that day, profit is not guaranteed but instead they can even end up losing their asset. I remember when I was trading, any time I opened the exchange, my heart always beat faster because I knew I was about to take a risk of which I was not 100% sure what the result might be, plus the fact that I was using money to carry out the trade. As a trader, confidence and determination should be part of their trading habits, because if you're not confident enough, you can't even just enter a trade with $1000 at once, and there are even some traders who trade with a higher asset.

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Quote from: Distinctin on September 01, 2023, 01:31:36 PM

Without any doubt, trading is not for everyone. Even though a lot have the desire to enter crypto trading for the sake of exceptional profits, but always remember that only capable and efficient traders end up profiting, the rest are just messing the market.This is why never trade if you think you have nothing to prove, since trading is never measured with luck but it's always been skills and strategies based. If you don't have what it takes to be a good and profitable trader, then never enter into trading and take some bigger risks.

Yes, the high risk in crypto trading is one of the factors. What's more, trading is not something that just relies on luck. So for anyone who dreams of getting rich quickly through trading, they shouldn't think like that. Because trading requires a process that is not easy. There must be various preparations and thorough self-readiness so that they are truly ready for trading. Ready in terms of their knowledge, mentality, and also wisdom in every step they take. If we are still unstable and cannot control our emotions, especially if we cannot exercise discipline and effectiveness, then this will actually be dangerous, because trading requires all of that.

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Trading is only for everyone who has initiative to learn it, though there are sometime others begun to learn it but not taking seriously so in the end they stopped and not continuing because of having no willingness to do it. Just like the others thinking, trading is like a course where you need to spend time to learn it. In short, there is a process for this things, if anyone wants to earn the we must learn and for us to learn we should study it first.

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Without any doubt, trading is not for everyone. Even though a lot have the desire to enter crypto trading for the sake of exceptional profits, but always remember that only capable and efficient traders end up profiting, the rest are just messing the market.This is why never trade if you think you have nothing to prove, since trading is never measured with luck but it's always been skills and strategies based. If you don't have what it takes to be a good and profitable trader, then never enter into trading and take some bigger risks.

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There are many differences between trading and investing that you need to practice first and investing may not keep you safe. But from trading you will get daily profit but investing is a way to earn money for a fixed period of time. In fact it is possible to make a profit from everything investing and trading in crypto if you do a little research on the subject. Because the first step for every entrepreneur is practice.

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Quote from: benalexis12 on September 01, 2023, 07:46:36 AM

Nowadays, I often see advertisements of trading opportunities online, such as on various social media platforms such as Facebook and Youtube, which often see their respective ads, such as OctaForex and others related to trading. It means that it is clear that at this time the trading industry is trending too much, and this is proof that there is really profit to be made here as long as you have knowledge here, and often I see copy trading and things that also exist in the crypto industry where we live. That's why if you're just entering here to make money and won't take this lesson seriously, it can be said that it's not for you.

It's true that there are advertisements for online trading these days, but there are also groups that provide you with online signals as well. There is a lot of activity on Facebook ,instagram, telegram and YouTube related to online trading. These platforms provide excellent information for newbies, and there is a good opportunity to learn from here. There is no doubt that online advertising and the efforts of these platforms are getting many people interested in trading, and the trading industry is expanding rapidly. Profit can be earned from this platform only if you have good experience and knowledge. Newbies must try to learn and keep themselves informed about the market. You are right that if someone comes here just to earn money without going to the market then this market is not for them, because instead of profit here they may face loss. Copy trading can be profitable, but it also requires experience. If profits could be made so easily, everyone would be making profits through copy trading.

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