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Topic: What you need to know about trading - page 4. (Read 936 times)

sr. member
Activity: 1002
Merit: 254
Tontogether | Save Smart & Win Big
November 26, 2023, 01:16:17 PM
#66
Most people think positively about everything to decorate their lives and rarely think negatively. Similarly, by trading, a person thinks positively in the hope of making more money easily and in a short period of time. But it is seen that in most cases such plans turn negative, and at that time people fall into despair. When a new user comes to the market to invest and trade, he takes all the steps to get rich in a short period of time, but many times he cannot succeed in such steps. We know that being successful in a business field definitely requires a fair amount of hard work and skill, just like crypto trading, one also needs skill and experience. As you grow in your own skills and gain experience about trading, then starting trading will definitely have profits, not the number of losses. That's why it's important to always think negative rather than positive, so I think it's most important to get an education before you start trading.

Thinking often doesn't need any hard work. We can simply think of what we want in life. But the person who works for his thinking is most commonly on the next level. Because he have some dreams.

And when a person comes to trading his dreams increases and he always thinks that we would work hard for the dreams we have always. And in this way if he get a loss even that may be very small then he just forget his dreams sometimes and he turns back . Not all of them are doing this king of thing but I have seen the people who have been in a loss mostly.
sr. member
Activity: 658
Merit: 321
I like to treat everyone as a friend 🔹
November 26, 2023, 12:24:01 PM
#65
Most people think positively about everything to decorate their lives and rarely think negatively. Similarly, by trading, a person thinks positively in the hope of making more money easily and in a short period of time. But it is seen that in most cases such plans turn negative, and at that time people fall into despair. When a new user comes to the market to invest and trade, he takes all the steps to get rich in a short period of time, but many times he cannot succeed in such steps. We know that being successful in a business field definitely requires a fair amount of hard work and skill, just like crypto trading, one also needs skill and experience. As you grow in your own skills and gain experience about trading, then starting trading will definitely have profits, not the number of losses. That's why it's important to always think negative rather than positive, so I think it's most important to get an education before you start trading.
full member
Activity: 1018
Merit: 113
November 26, 2023, 12:01:17 PM
#64
in trading if you can accept loss then it is for you, trading is very hard so it's not to be good place for everyone,
those who are mentally weak and can not control emotions they will lose always,
you need learn trade then practice in your demo account first, when you are confident about trading then start with small amount as testing purposes.

 
legendary
Activity: 2128
Merit: 1775
November 26, 2023, 08:51:35 AM
#63
What you need to know about trading.
Basically, crypto trading is often carried out by traders, there are three general methods that are often seen, namely: futures, Margin, Spot, well between these three the system and method of doing it are almost the same, although there are slight differences, The point is: keep paying attention and need to know market developments, volume, price, analysis and so on, the main goal is to make a profit.

Futures trading, Margin is done specifically, you must have knowledge and strategy for these two trading methods, if you don't have the knowledge, don't do it, losses will always accompany you.

For that, what you need to do, if you have minimal knowledge of crypto trading, just do Spot trading, within a certain time, but still pay attention to developments in crypto prices.
newbie
Activity: 53
Merit: 0
November 26, 2023, 08:09:44 AM
#62
before you get into trading you need to have an idea of ​​what you are getting into you need to be a risk taker, you are ready to lose, of course you also need knowledge in trading above all discipline most important
hero member
Activity: 1694
Merit: 629
November 25, 2023, 01:42:50 PM
#61
Theoretically, in order for a trader to be successful, he/she must have a good knowledge of technical analysis, capital control and risk control. Additionally, learning to set goals for each trade and being able to act in line with these goals are definitely very important factors.

Emotionally, in order for a trader to be successful, he/she must know that it is impossible to always win in the financial markets, that only the positive scenario shouldn't be considered for each transaction, that he/she shouldn't establish an emotional bond with his/her transactions and that he/she shouldn't act by succumbing to his/her emotions. Especially in cryptocurrency markets controlling one's own emotions is at least as important as knowing technical analysis because emotions generally cause more mistakes to be made in volatile markets.

Moreover, both theoretically and emotionally, a trader must not be greedy in order to be successful. A greedy trader may miss the trading levels based on technical analysis and act more emotionally due to his ambition to earn more. For this reason, one should never trade greedily, especially in volatile markets such as cryptocurrency markets.
sr. member
Activity: 742
Merit: 349
November 25, 2023, 01:06:51 PM
#60
Most people think life is a bed of roses, is all about sunshine,  enjoyment etc not knowing that there's always a  tough time and the ability of one to overcome this time makes him great.  Tough time is the point through which poor and successful people emerges depending on the choices and decision they take.
Most traders and investors are inpatient they only think of the positive side of it ( making profit) not knowing there will always be a loss someday,  well most of them know but when they make losses they became frustrated and unstable,  some will give up because of that little experience.  Sometimes we make losses and we have bad experience like we offend God but no, we are only been tested.  Some of the spirit of a trader or invest is "I can make it mindset, resilience...

You made a valid point, buddy. A lot of people these days are impatient and don't think about losing money at all. I've seen a lot of people lose money because they didn't expect it to happen the way they thought. In any investment, if you don't experience any losses, you won't take it seriously enough to work harder the next time. Even in business, you will experience many losses and never understand the value of a profit. I know that everyone invests money or starts a business with the intention of making a profit, but it's also beneficial for us to understand how much our profits are worth.

I have witnessed a lot of people give up on bitcoin investing due to small losses, and I also know of a friend who is unwilling to make any more investments because he sold his bitcoin when he was having financial difficulties and did not make any money because the price of bitcoin had not increased since he bought it. This is the only reason he decided against making any more investments. In my opinion, there was no valid reason for him to stop investing in bitcoin because he did not sell his coin at a profitable time.
sr. member
Activity: 1960
Merit: 273
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November 25, 2023, 11:03:58 AM
#59
Research Ignoring the importance of research the biggest mistake most people make is that they jump in without basic knowledge of trading.
and supposedly without knowledge of the trade, they should not trade. Maybe that's what makes some people think that trading without knowledge and skills is gambling.
which is mostly done by beginners because they see there are people around them who are successful in trading. and those who are beginners are starting to get interested, not just learning first but starting trading because they have capital. his ambition is to make a profit as quickly as possible. but what they gain is loss.
hero member
Activity: 2954
Merit: 796
November 25, 2023, 10:42:41 AM
#58
We don't expect market to be always bullish at all times because as a trader we have to be prepared based on unforeseen circumstances that may come at any time. In business we ran into lost and if we don't make profits or gain doesn't mean we won't make gain and profits, we don't have to always positioned our heart on positive sides of making profits although it's good to be optimistic while venturing in any business, business contains profits and loose.

Right. Accepting losses is part of having profit because you are risking money if you want to gain more in both business and trading. The most important thing that we should consider is to know how to minimize risk so that we can take profit whenever we are not already comfortable with our loss.

In trading, Emotion is the number enemy that’s why we should create a proper risk management to our capital so that we will not enter a trade that we can’t afford the risk in case the result becomes a disadvantage for us.
legendary
Activity: 966
Merit: 1042
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November 25, 2023, 10:26:37 AM
#57
Most people think life is a bed of roses, is all about sunshine,  enjoyment etc not knowing that there's always a  tough time and the ability of one to overcome this time makes him great.  Tough time is the point through which poor and successful people emerges depending on the choices and decision they take.
Most traders and investors are inpatient they only think of the positive side of it ( making profit) not knowing there will always be a loss someday,  well most of them know but when they make losses they became frustrated and unstable,  some will give up because of that little experience.  Sometimes we make losses and we have bad experience like we offend God but no, we are only been tested.  Some of the spirit of a trader or invest is "I can make it mindset, resilience...

Not sure what to express or how to express it, but I think life is beautiful, If you have enough money to meet your daily desires, you can travel along the world not saying spend a lot of money on the country to country visits, but better spend some time out fo town, explore the world around you don't consider it as a way full of hardships and arduous journey. Enjoy life and thank God for his blessings.

Don't waste time just making bucks in greed, without exploring the beauty of peace and nature around you. Don't go for more and more, work hard for food, and shelter share feelings, and spend quality time with relatives. Money is the need not the goal.

For the rest it's the usual discussion, better place/move this topic to the trading section. I want to express my side of enjoying life not as a trader to focus on risk management, gains, losses, and bla blah, we usually do it. Putting some emotions in the post si also important  Cheesy Cheesy
hero member
Activity: 882
Merit: 800
November 25, 2023, 07:21:10 AM
#56
We don't expect market to be always bullish at all times because as a trader we have to be prepared based on unforeseen circumstances that may come at any time. In business we ran into lost and if we don't make profits or gain doesn't mean we won't make gain and profits, we don't have to always positioned our heart on positive sides of making profits although it's good to be optimistic while venturing in any business, business contains profits and loose.
sr. member
Activity: 1204
Merit: 270
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November 25, 2023, 06:33:29 AM
#55
There are many traders who end up losing trades when they face losses so traders should always remember the importance of quality research trading. Research Ignoring the importance of research the biggest mistake most people make is that they jump in without basic knowledge of trading. There will be risk in trading many times the signals are not given correctly so it is possible to be successful if you use your own intelligence to research the market. Some traders find trading to be more profitable but it also involves some risk and sometimes losses, so it is very important to adopt a proper strategy and execute it perfectly.
hero member
Activity: 1050
Merit: 592
God is great
November 25, 2023, 06:27:56 AM
#54
Most traders and investors are inpatient they only think of the positive side of it ( making profit) not knowing there will always be a loss someday,  well most of them know but when they make losses they became frustrated and unstable,  some will give up because of that little experience.  Sometimes we make losses and we have bad experience like we offend God but no, we are only been tested.  Some of the spirit of a trader or invest is "I can make it mindset, resilience...
Trading and investing is all about gain and loss, and it can't be possible for someone who is into this to expect gains from trading and investing. People needs to accept loses in trading but shouldn't allow lose to be a regular result.  When we lose it can be as a result of some mistakes,  this mistakes should be a lesson we need to learn from to make profit from trading and investing.

I think traders and investors needs to learn more and not to look at trading from their own understanding, people understanding trading from their own mindset have really make them to have so much expectation from trading.
hero member
Activity: 3080
Merit: 603
November 25, 2023, 05:54:02 AM
#53
it is just like you want to learn to keep learning in trading and when you get to that professional level then it will be time for you to start making money,
Me, I don't need to go to that point of becoming professional. I'm good to trade just as the others normally and as long as I get some profit, that's what matters to me.

the best thing is not to give up we should keep trying our best and we going to make our profit.
If you can't see a point why you need to continue. It's also okay to stop and make yourself a holder instead. We've got a lot of choices to make and whatever works for us the best, you should maintain on that position and keep doing it.
full member
Activity: 490
Merit: 209
November 25, 2023, 05:33:11 AM
#52
Patient traders and investors are willing to learn more about trading. They don't want to give up before they can trade better. But most traders and investors cannot wait patiently for their trades and investments. They will panic when they find out the market has changed direction, even though it is only a small correction that usually occurs.

They were not prepared for what they faced. For this reason, if you want to be able to trade, you must continue to learn about trading. And if they experience losses in the learning process, they will not give up but will continue to learn. And they want to learn from their previous experiences so they can find out what they did wrong.

But if you can't or don't learn about trading, you don't need to trade. Nobody forces you to become a trader. You make the choice and you have to know how to be a good trader. Keep learning about trading and don't give up if you don't succeed. Achieving success in trading is just a matter of time, so be patient while you learn more.
if you want to enjoy trading it will be very much okay if you learn more about trading, learning is the key to so many things you can do anything if you don't have knowledge then whatever you trying to do you won't do well imagine your a mechanic without knowledge trying to fix a car is that even possible, that shows the importance of knowledge and once their is understanding in trading then the investor don't have anything to fear and everyone knows that patience is important.

it is just like you want to learn to keep learning in trading and when you get to that professional level then it will be time for you to start making money, the best thing is not to give up we should keep trying our best and we going to make our profit.
full member
Activity: 532
Merit: 163
November 25, 2023, 05:06:39 AM
#51
Most people think life is a bed of roses, is all about sunshine,  enjoyment etc not knowing that there's always a  tough time and the ability of one to overcome this time makes him great.  Tough time is the point through which poor and successful people emerges depending on the choices and decision they take.
Most traders and investors are inpatient they only think of the positive side of it ( making profit) not knowing there will always be a loss someday,  well most of them know but when they make losses they became frustrated and unstable,  some will give up because of that little experience.  Sometimes we make losses and we have bad experience like we offend God but no, we are only been tested.  Some of the spirit of a trader or invest is "I can make it mindset, resilience...
If you think of losing before you start trading then you cannot trade. Because when we trade, we must accept that the trade is somewhat risky, so I have to trade carefully. If we don't work hard and just sit and dream and leave it to fate, we will never succeed in life. So I think before trading in anything we must take ricks or else we won't be successful in anything.
hero member
Activity: 2604
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November 25, 2023, 04:55:43 AM
#50
Patient traders and investors are willing to learn more about trading. They don't want to give up before they can trade better. But most traders and investors cannot wait patiently for their trades and investments. They will panic when they find out the market has changed direction, even though it is only a small correction that usually occurs.

They were not prepared for what they faced. For this reason, if you want to be able to trade, you must continue to learn about trading. And if they experience losses in the learning process, they will not give up but will continue to learn. And they want to learn from their previous experiences so they can find out what they did wrong.

But if you can't or don't learn about trading, you don't need to trade. Nobody forces you to become a trader. You make the choice and you have to know how to be a good trader. Keep learning about trading and don't give up if you don't succeed. Achieving success in trading is just a matter of time, so be patient while you learn more.
sr. member
Activity: 1498
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November 25, 2023, 01:41:08 AM
#49
Most people think life is a bed of roses, is all about sunshine,  enjoyment etc not knowing that there's always a  tough time and the ability of one to overcome this time makes him great.  Tough time is the point through which poor and successful people emerges depending on the choices and decision they take.
Most traders and investors are inpatient they only think of the positive side of it ( making profit) not knowing there will always be a loss someday,  well most of them know but when they make losses they became frustrated and unstable,  some will give up because of that little experience.  Sometimes we make losses and we have bad experience like we offend God but no, we are only been tested.  Some of the spirit of a trader or invest is "I can make it mindset, resilience...

What I will say is that it has been mentioned several times in this forum, to be honest, but you still need to know if you are a classified investor—long-term or short-term? If you are the type of investor who, after investing, has nothing to do but wait, I think what others think is a lazy job like trading bots or copy trading suits you.

That's why the risk is a bit high because if you don't have an idea about these tools of profit here in crypto, you'll have a hard time getting income here, but if you're a long-term investor, it's okay for you to choose to invest and just hold it, and you should know how many years you will spend before you sell it. And while you are waiting for that, you should also study crypto trading.
sr. member
Activity: 798
Merit: 364
November 25, 2023, 01:38:56 AM
#48
Most traders and investors are inpatient they only think of the positive side of it ( making profit) not knowing there will always be a loss someday,  well most of them know but when they make losses they became frustrated and unstable,  some will give up because of that little experience.  Sometimes we make losses and we have bad experience like we offend God but no, we are only been tested.  Some of the spirit of a trader or invest is "I can make it mindset, resilience...

The truth is that, most of the traders know about the risk but the issue here is that human mind doesn't always tolerate negativity and whenever it happens, we feel frustrated. That's why it's very necessary to train your mind on risk tolerance before you should even think of trading. Experience loses is normal because you can not always have it right but what matter is what happen after your experience. As someone who is willing to become a successful trader, you take note of your lose experiences and think of a way to improve on yourself in order to correct the mistakes from future occurrences.

The thing is, the markets are constantly changing and there is always something new to learn from the experience. Even the most experienced traders make mistakes but they use those mistakes as learning opportunities to improve their skills. The key is to learn from your mistakes and not to give up because learning from mistakes is part of the process of becoming a successful trader.
hero member
Activity: 2730
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November 25, 2023, 01:28:14 AM
#47
This is the most common experience for all the traders especially when they are just starting, like newbies.
They didn't know how stressful trading was and how unpredictable/volatile. That's why when you do trade, you need to continuously learn and have proper risk management.
Like I told those new to trading, don't rush to expect profits, the first thing they should think about is being mentally prepared to accept losses. No one is talented enough to make a profit when they start trading, the traders who are making profits in the market also need to go through a lot of losses to get where they are today. Therefore, as a newbie, if you cannot accept losses or losses, they should not participate in trading. For me, the first and most important lesson in trading is to accept losses.
If we are new, the curiosity and excitement is present. So yeah, that's a good advice for them. I thought the first or the second thing apart from not rushing, is learning but it seems I am wrong. It should be mentally prepared like you said there, as this one is much easier. I mean you are not going through a long lesson. Because I know that there is still a difficulty on controlling our minds.

There are newbie traders who can make a profit early even though they rush, and the one that is responsible for this is their luck. Still, it wasn't advisable to be like that. That is not sustainable. If we stay like that, we can also face a lot of losses but it doesn't mean we are going to be successful later on.
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