Topic: What your opinion? (Read 1109 times)

I think you should always go with your own decision anytime there sometimes that our decision does not favour us or bring solution to our problems, but with other people suggestion we succeed sometimes, so you can see that as a trader, what I think you should be doing is that sometimes you need to be listen to other people opinions and see if it will favour you because they are some decisions we make in life by our self at the end we regret, and these is money issues, so if you should involve some team work I think it will be better, in other to achieve some goals, these is because there maybe something you don't know and other person by your side knows it, the fact that there things we even read and analyse but we didn't understand till another person come and clarify it for us orally.


I don't believe that someone should solely rely on their knowledge, mate. Why do we have individuals to teach us what we don't know if someone should just rely on what they know? If we take that into account, this could sometimes lead to some traders suffering significant losses. You can see that no one is an expert on how to achieve perfection; you must have some knowledge gaps and need to seek clarification. So I don't think it is wise for someone to solely rely on their knowledge.

You have said a good thing that initially if we can do something, it is to do complete research about the trading or the work in which we want to do something and then make your solid decision. Profit can be earned on a daily basis but for that, you will have to put in more effort. Until you develop patience and wait n see policy; you cannot say that you have become an expert in trading. So do your homework by thinking and taking into account the market fluctuations.

One added important points for beginner don't make trading as main job, actually as beginner need time to research and learn more about trading and not consistent to earn profit in daily day or monthly. Trading in cryptocurrency can't promising with much profit and side job is good alternative exactly for beginner less knowledge about trading information. I think points fifth Be patient its most important and should put on the first number, how expert some one in trading, be patient can manage with bigger risk and not panic selling when bitcoin or coins assets have going drop. As soon possible in trading take profit when raise few percent up price, don't be greedy in trading and stop higher dreaming with some coin will raise up more than 300% in short term.

You need to keep in mind a few points before investing; always start with a small investment and gain experience. Sharpen your technical and analytical skills. Follow and closely observe crypto-related news for updates regarding the market. Be patient (most important).
 

Indeed, you can learn on your own, but if you have a mentor, why not study with experts?
i think it will shorten our study time but it depends on each person,
trading or investing is certainly risky so it is very important to have knowledge and we can get that by learning.

Trading an investment is the same with the risk and plan of course you will not go to trading without proper knowledge reason why ideal to prepare yourself first before initiating with your asset.
In trading the same way with investment you are putting your money and waiting to get profit in trading the difference is the time frame it could be a short period of time or long it depends how you want to hold your assets.
In investment could be properties or assets too it takes time depends on the demand and supply. I've seen a lot of people today learning to themselves or they are seeking for a guidance with trading gurus but for me if you have time and sources you can do it at your own.

To an extent, I agree with you. Absolutely, the fundamentals are required. And beginners are especially susceptible to the attraction of flashy profits. It's like a squirrel finding a nut: irresistible! But this is where our opinions diverge: You seem to be advocating for a method that puts FA first and TA second. Now, I'm not going to say you're completely wrong, but you're also not completely correct.

What matters is not if one uses FA or TA, but rather how one uses them. There are benefits and drawbacks to each. While TA looks at the "what" and "when," FA investigates the "why" of price changes. As such, why try to categorise everything? Why not tell traders to use both to their advantage? Traders require a versatile set of resources, not a cookie-cutter method.

If we want to learn anything, the right way is to start with the basic. You are correct in mentioning that new traders often ignore the basics in their pursuit of quick profits. They become dependent on trading calls and tips which expose them to un necessary risks.

For trading it is advisable for new traders to focus on Fundamental analysis. If they are unable to do so, they can utilize Technical Analyss which can assist reduce risks.

I have seen people enter crypto with questions like which coin is the next 100x or which coin will always be profitable but deterring from bitcoin or from long term holding. If you are going to avoid the holy grail of crypto and also not have the patience to hold long, that person should not hope for good returns, instead they are looking for a get-rich-quick scam.

Not everyone needs to preach it, just be a one-man army and run your trades as you want them to. Unless people learn from mistakes, they would not learn at all in this sector. Let them lose money and then see how humble they become if they chose to trade again.

I think ,Online investing can be a good option for individuals who are looking for convenient access to trading and investment opportunities. This facility allows investors to access the markets to optimize their portfolios and actually benefit from the information. So you have to be careful before investing online, and after doing complete research, you can start this work. Kept in mind about market fluctuations as well as security-related risk assessment. Many traders should choose a good platform and keep themselves updated about all kinds of situations. So I think online trading or investment is a better option, but you should do all your homework before making your decisions.

Doing that is such a hard task and unfortunately only a few people are capable of doing it. Well not "few" people, but few percent of people. Only 5-10% of the whole crypto world is holding for long term, most of them just trade based on what they see and they do not end up holding for long term. That's a wrong move and hopefully people will learn how to do better.

I think the best thing to do in this case right now is to make sure that we end up with a good return when we can, and it should be providing something that gets a good return. In order to do this, we need to provide proof to people that holding is a better way to make profit and that can be done too, but it will take some time before we can see a change like that, it may not be that easy at all.

The problem is, many beginners want to take a shortcut and aims to get the best profits that they can get while they're still too early in trading.

They're ignoring that thought because they think that it's so easy in trading based on what they've seen on social media where other traders are boasting their profits.

Little did they know, that these traders have gone through a lot of losses as well but they don't just share it for some reasons.

I'm not sure I get what you're getting at, but do you want to trade or invest in cryptocurrencies? I think  you should pick one and concentrate on it, but if you are a complete beginner to trading, I won't advise you to begin. Imagine starting a business without any prior business knowledge. I believe you will be risking your money more than other traders are, so I believe you should go over the fundamentals of trading. There are many analysis and technical aspects of trading you must know before starting to trade, as well as how the market works and when to sell and buy.
Therefore, I believe that based on the way you are speaking, you are conflating trading and investment; you must be aware of the distinctions between the two.

Everything that is new for a newbie is highly not recommended if he does not understand how it works and also the risks that will be obtained because usually, someone will start doing business only focusing on profits but forget that there are risks that cannot be ignored if that person already understands it then it won't be a problem to start with.
First, you have to understand that trading is not an online investment because usually online investment is more often used by scammers to introduce their business. Trading is short term while investing is long term both have risks regarding which one is more risky it will depend on the choice of coin you choose for trading and also the coin you choose as an investment, so it is better to study carefully before making a decision.

When you are still a beginner, it is better to focus on learning and gaining as much experience as possible,
don't focus on trading results,
what is clear is that trading is not easy and it takes a lot of preparation.

Describing it as a perfect thing to do will only be visible when you're actually doing it and experience to earn and lose from it.

A beginner that's too optimistic in trading should accept the hard truth on life that even trading is a hard way to make money. That's why trade profits are also hard earned money and it doesn't comes easy.

Take one step at a time and don't aim for higher trades while you're new, learn to appreciate every small wins that you get.

It is a good move to get information in the cryptocurrency market through the internet.YouTube also provides you complete information about cryptocurrency market and trading and there are many YouTubers who provide you complete information about trading,but in my opinion, if an experienced and expert trader is hired along with it, trading can be improved a lot.Along with your own analysis and knowledge, getting trading information from someone you know can be very beneficial in trading. the best part is that when you start practical work on the cryptocurrency platform itself, your real experience starts there.

Currently there are many platforms that we can use to learn about trading,
so the most important thing is the willingness to learn,
imagine if you have a mentor, namely your own friend, of course it will make it easier.

to trade isn't the same thing as to invest, good thing you know they're risk involved in trading, so best thing to do is to get acquainted to how the system operates.
Read trading related courses, watch videos, get a mentor, whether offline or online, just get someone you can trust with questions.

First I would like to clarify one this that trading is different from investment. As someone that's new to trading I would advise that you don't just jump into it but get yourself some materials or videos and study or have someone mentor you so that can understand fully the rudiments of trading. Whenever you are ready to start trading, don't be greedy, you can actually start testing the waters with small trades and as you progress you increase your trading amount.