What your opinion? - page 11. | Bitcointalksearch.org

Hamza2424

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Quote from: Sakanwa on March 26, 2023, 02:30:36 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.

passwordnow

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Quote from: Sakanwa on March 26, 2023, 02:30:36 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.

adaseb

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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.

bittraffic

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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.

SquirrelJulietGarden

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Quote from: GreatArkansas on March 26, 2023, 07:59:20 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.

Xampeuu

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Quote from: Sakanwa on March 26, 2023, 02:30:36 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

GreatArkansas

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Quote from: Sakanwa on March 26, 2023, 02:30:36 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.

shinratensei_

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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.

danherbias07

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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

Fivestar4everMVP

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Quote from: Sakanwa on March 26, 2023, 02:30:36 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.

Ben Barubal

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Quote from: Sakanwa on March 26, 2023, 02:30:36 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.

KingsDen

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Goodnight, o_e_l_e_o 🌹

Quote from: Sakanwa on March 26, 2023, 02:30:36 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 .

While someone can actually invest his money in what he does not control, perhaps what he cannot control and yet he expects a reward from it. That is called investment and in the cryptocurrency industry it could be done passively.
While in trading you need to understand what the market is talking about and as such be knowledgeable of the fundamental and technical analysis before you can trade.

As a newbie, I'll advice that you should take out some percentage of what you want to invest with and use it to learn how to trade. If possible have a mentor, thereafter you can start trading proficiently. Also remember that you need time for this, because you might find it difficult to handle it together with your real time job if you have any.

Alpha Marine

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Does the person want to trade or he wants to invest?
Investing, whilst not as complicated and risky as trading also has its own risk. You can invest while having just the basic knowledge of what you're investing in. The same cannot be said about trading. As a trader, you have to have in-depth knowledge of whatever you're trading, in this case, Crypto. Like I always say to folks on here, don't just become a trader because you just need to do something or because others are making money from it (you have no idea how much they've lost). You have to develop a liking for it. This will help you be able to take your time and learn.
So my advice is, wanting to be a trader as a beginner is not a bad idea but you have to take it slow and learn. Since you are a beginner, learn like a beginner; from the scratch. assume you know nothing and start from the very beginning.

Oshosondy

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Quote from: Sakanwa on March 26, 2023, 02:30:36 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.

Trading is not the same as investment, both are risky but trading is riskier. For anyone that wants to be a trader, my advice is to never depend on it, start small and use the amount of money that is lower than the amount of money that you can afford to lose to trade. If you continue to trade, you will know which step to take depending on how trading favours you. But just like gambling, never rely on trading, although trading is not gambling.

Sakanwa

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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 .

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