What your opinion? - page 10. | Bitcointalksearch.org

Nrcewker

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Quote from: Sakanwa on March 26, 2023, 03:30:36 PM

I really was having this question in mind to ask if it will advisable for somebody who want to start up trying doing online investment and chooses trade as perfect for him or her. What will be your advice for such person as a beginner into online Invertement. I want to hear your opinions if it right or wrong despite it risk,so what your opinion or advise.

Listen mate, online investments and trading are completely different. Online investment can be considered as something, where you buy any digital goods, and put the money completely in it. Like investing in Digital Gold, big company’s share, or cryptocurrencies. Now if you ask about trading then here risk and pressure to make profits are more. I would advise you that, if you want to do trading, then you should at first give time to market, understand it and then trade properly with calculating the risk. If you don’t have any knowledge on how trading works, and still you buy coins and trade, then no one can save you from getting into losses. Hope you understand my concern.

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Quote from: Sakanwa on March 26, 2023, 03:30:36 PM

I would say that trading can be a good option if you are willing to take on some risk. However, it's important to conduct your research, educate yourself, and have a solid understanding of the markets. You need to be prepared for the risks involved before jumping in. You should consider starting with a small capital until you gain more experience and start by reading up on trading strategies and market analysis.

Investing, on the other hand, typically involves buying assets with the intention of holding them for the long term in the hope of generating returns through appreciation in their value. It often requires conducting thorough research to identify assets with strong fundamentals or those that are undervalued in relation to their potential.

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Quote from: Sakanwa on March 26, 2023, 03:30:36 PM

I really was having this question in mind to ask if it will advisable for somebody who want to start up trying doing online investment and chooses trade as perfect for him or her. What will be your advice for such person as a beginner into online Invertement. I want to hear your opinions if it right or wrong despite it risk,so what your opinion or advise .

Trading is not an investment because you are just buying and selling the coin without thinking on its future growth. Investing is when you purchased a coin due to its feature and potential to grow in the future.

Trading crypto is very risky due to its volatility. The chances of losing is very when you keep buy and sell with the wrong timing. Just suggest to your friend to purchased Bitcoin and hold it up to 4 years before he will sold. Bitcoin is the most safest investment that you can advice to a friend to play safe.

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Quote from: Sakanwa on March 26, 2023, 03:30:36 PM

I really was having this question in mind to ask if it will advisable for somebody who want to start up trying doing online investment and chooses trade as perfect for him or her. What will be your advice for such person as a beginner into online Invertement. I want to hear your opinions if it right or wrong despite it risk,so what your opinion or advise .

Investments are done with the objective of making money in the long run against a risk. Trading is one such method, but it requires skills and sometimes luck. Investing in a bank which can be done physically or online, is a more safer but less rewarding procedure. Your goal should be to determine how much risk you can handle, if you want to play it safe, you should keep yourself limited to fixed deposits, bonds and real estate.

If you are willing to take higher risk, you can go with trading. I am sure you can enlighten yourself about your options from the internet. But keep in mind that money does not come for free, it requires patience and a bit of luck. Someone claiming to make thousands without doing anything is obviously only showing off, not legit.

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Quote from: Hamza2424 on March 27, 2023, 04:34:23 AM

Recommendation & Tips

❒ Learn First and practice in demo and Spot account to avoid major loss,
❒ Don't trade in the future directly.
❒ Do not trade with Laon Money.
❒ Be consistent, Don't lose confidence in the loss situations.
❒ Follow the market trend, and trade with the trend to avoid liquidations.
❒ Never lie on a single indicator, use multiple tools and indicators to analyze the market.
❒ Dont be greedy book profit on time.

I want to add that don't believe in trading gurus. If they're the best, it means that they're full time traders and won't manage to have time for other things like editing videos and having some time to sell those courses. Because the reality is that they're selling courses for them to earn more and not to trade and earn more. That's their other source of income because it's easier to sell course than to win trades in the market because it's difficult to have more wins in the actuality of the market. So, that's why avoid those seller gurus that sells trading courses because most of their resources can be found online for free.

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Quote from: Hamza2424 on March 27, 2023, 04:34:23 AM

❒ Do not trade with Loan Money.

Trading requires money, trading is not recommended for someone who is struggling financially to even just get daily meals. Trading does not guarantee that you must make profit, so taking loans to trade is not a wise thing to do even if this loan can come from family members and friends. Before you decide to want to trade, you should have the money at least to be able to trade with and the money should be the one you can loose too because losses in trading can be faster than losses when you invest in bitcoins. If you know that you cannot really bare to make losses yet, then the best thing to do is to just invest in bitcoins instead of trading for the now.

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Quote from: Sakanwa on March 26, 2023, 03:30:36 PM

I really was having this question in mind to ask if it will advisable for somebody who want to start up trying doing online investment and chooses trade as perfect for him or her. What will be your advice for such person as a beginner into online Invertement. I want to hear your opinions if it right or wrong despite it risk,so what your opinion or advise .

Trading is a good part-time and full-time job that can help in managing the financial issues of an average person. But trading is not recommended to a person who doesn't know how to analyze the market and then respond with the investment so my suggestion for such a person who is new to trading is that he should not trade without learning a few tips that I can give you are following.

Recommendation & Tips

❒ Learn First and practice in demo and Spot account to avoid major loss,
❒ Don't trade in the future directly.
❒ Do not trade with Laon Money.
❒ Be consistent, Don't lose confidence in the loss situations.
❒ Follow the market trend, and trade with the trend to avoid liquidations.
❒ Never lie on a single indicator, use multiple tools and indicators to analyze the market.
❒ Dont be greedy book profit on time.

crwth

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It took quite some time for me to understand what you are trying to say, but basically, you are asking that if a beginner, in this case, you, is going to go online investing, you want to know if it's right.

In investments or anything that requires a decision and involves financials, it's always about you and what your decision will be. You shouldn't depend on anyone else but yourself. But for learning, you should seek someone good at that specific area, in this case, trading, and try to apply it in your adventure. Then you can determine if it's right for you. It's not for everyone, for sure.

Risk management is key to winning in trading.

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Quote from: Sakanwa on March 26, 2023, 03:30:36 PM

I really was having this question in mind to ask if it will advisable for somebody who want to start up trying doing online investment and chooses trade as perfect for him or her. What will be your advice for such person as a beginner into online Invertement. I want to hear your opinions if it right or wrong despite it risk,so what your opinion or advise .

Trading and being an investor are different paths. but since you've mentioned that you're starting up, it's best for you to try these two and see if one works for you very well. My advice for people starting out is to avoid trading first, you need to check and see how it works properly, and initiating through investing and buying bitcoin is the best first step that you can do. It's right that you want to start and you need somewhere to start. Don't jump quickly to being a trader without knowing how risky it is which is the same also as an investor that it has got risks.
But the difference is that being an investor, you can be passive and learn the market as you watch it. Eventually, when you're able to see how the market works then you'll have the idea how to trade but to give you some tip, most traders are losing.

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I’ve been investing for years with stocks and crypto and forex and my advice is that it’s not as easy as you think. Keep in mind if trading was easy then everybody would be doing it however it’s not the case.

My advice is make a small deposit with real money and trade penny sized positions. It’s better than demo because the emotions will still be there but not enough to lose a huge sums of money.

Litzki1990

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I think you can never go wrong if you invest by following certain rules and having adequate understanding of the market. The mistake will be when you invest only on emotion without any understanding of the market. There is never an end to knowing. You must know to be successful. It is not only about studying that you need to understand about the work you will be involved in.

Suppose you don't know anything about investment but another person knows everything about investment then who's money will be at risk if you invest or the person who has enough knowledge about investment. Of course your money will be at risk. So before engaging in investment it is necessary to acquire adequate understanding and knowledge about investment.

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Try not to invest everything and leave something or your savings. Sometimes things don't go well and you still have some funds that aren't declining fast.
Let's say you bought BTC for a long-term hold. Its an investment don't try to depend on it but keep your job still since you need it more than your investment. Or if you have a business, then keep your business running.

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Quote from: GreatArkansas on March 26, 2023, 08:59:20 PM

My advice is to identify your goal first, what are you trying to achieve? For example, do you want to make profits in a short period of time or you are in long-term?
Because if you want to make profits, then you can start trading. Or if you want long term and you don't have any time to do trading most of the time, then you can invest for long term.

Except very professional traders, they can succeed with trading in long term and gain net profit from trading. Others are more likely get loss with trading than get profit.

It is precisely true for newbies who need to experience the cryptocurrency market first, and no way is better than try to experience it with investment and holding. By this, they can understand how this market is volatile and is sensitive with news, fud, regulations (real and proposal) and control their emotion. If they feel like they can understand it enough after few months, they can jump to trading.

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Quote from: Sakanwa on March 26, 2023, 03:30:36 PM

I really was having this question in mind to ask if it will advisable for somebody who want to start up trying doing online investment and chooses trade as perfect for him or her. What will be your advice for such person as a beginner into online Invertement. I want to hear your opinions if it right or wrong despite it risk,so what your opinion or advise .

understanding risk is the main thing that novice investors must know, on the other hand knowledge of crypto theory must be understood first. This anticipates that investors do not panic when high fluctuations occur. many people see market movements and in the end they experience panic due to lack of knowledge, and end up selling in panic and losing money

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Quote from: Sakanwa on March 26, 2023, 03:30:36 PM

I really was having this question in mind to ask if it will advisable for somebody who want to start up trying doing online investment and chooses trade as perfect for him or her. What will be your advice for such person as a beginner into online Invertement. I want to hear your opinions if it right or wrong despite it risk,so what your opinion or advise .

My advice is to identify your goal first, what are you trying to achieve? For example, do you want to make profits in a short period of time or you are in long-term?
Because if you want to make profits, then you can start trading. Or if you want long term and you don't have any time to do trading most of the time, then you can invest for long term.

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always try to use the demo features available in many exchanges, so that you will get the first hand experience in which you will know how it is with either trading and investment.
usually beginner are really lacking the experience of how things really works out, by using the demo you could also try to implement the theory that you've got from some investment guide and see whether it will really make profits for you.
after all, without first hand experience like this, I doubt you could ever find out how trading and investment really works, at best you're gonna be understanding only theory but usually market are rather unpredictable therefore you eventually gonna suit yourself.

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Do you mean a switch from investing to trading?
Doing both will be okay, the safest route will be just investing, but if you want to stretch the opportunity to make more then do trade as long as you have the knowledge to make it happen.
Some people who step into cryptocurrencies will just pick one. Either investing or just trading, it's to avoid confusion and also jeopardize the asset if you are doing both. Getting rekt in trading will mean pulling out the investment to continue the trade, which is not advisable to do especially if the plan for that asset is for long-term holding.
Well, as long as you can handle the discipline then I do think you can manage it.

sheenshane

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We're all welcome when it comes to trading with the same goal of making money.
But put in mind if you're ready in this field, yes, it's open to anyone but trading isn't for everyone, trading is for those people who are willing to learn from different aspects.

This is my advice that you should do before doing trading

Educate yourself regarding trading, from technical to fundamental analysis
Start small amount that you can afford
Find a good exchange platform that has also a copy trading feature where you can practice.
The last but not the least, stop -loss

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Quote from: Sakanwa on March 26, 2023, 03:30:36 PM

I really was having this question in mind to ask if it will advisable for somebody who want to start up trying doing online investment and chooses trade as perfect for him or her. What will be your advice for such person as a beginner into online Invertement. I want to hear your opinions if it right or wrong despite it risk,so what your opinion or advise .

An absolute newbie can not understand the rudiments of the market easily without a trusted person or persons guiding the user..
So my advice would be to first and foremost, find a trusted person as a mentor, he or she could be a friend, family member, a brother or sister.

The above is what I believe is the first thing to do when one is starting out their investment journey in cryptocurrencies, as well as crypto trading, cryptocurrency still looks very complex to many, newbies would make a lot of wrong decisions if he or she doesn't not have a mentor or tutor.

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Quote from: Sakanwa on March 26, 2023, 03:30:36 PM

I really was having this question in mind to ask if it will advisable for somebody who want to start up trying doing online investment and chooses trade as perfect for him or her. What will be your advice for such person as a beginner into online Invertement. I want to hear your opinions if it right or wrong despite it risk,so what your opinion or advise .

Are you referring to someone here? oh you yourself want to invest here in the field of cryptocurrency? You should also specify if you want to trade or just be a capitalist?

Because entering this business industry is not that easy to understand, although it is easy to invest, but you must first know if the coin you choose will really have potential? Because if you don't have knowledge here, you should find out and learn first, don't make a hasty decision. It's good that it's slow, but there's sure to be a profit in the end.

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