Topic: What your opinion? - page 3. (Read 1653 times)

What he must understand is that trading is not the same as investing and trading will be much more difficult if one does not understand how.
For trading, we are required to know fundamental analysis because this is related to the short-term trading we are trying to do and the risk will be much greater if we do not understand how.
To understand it one needs to learn and if you don't want to get involved in huge risks then investing is much easier to do and depends on what coins you are trying to invest.

It is better for a beginner to learn to understand how to trade using a small budget first, after everything has been learned well then slowly increase the trades they make.

Like I said; even if you know what’s coming and what next you should do, it can be very tiring for you to just continue and pretend that nothing happened. Trading isn’t for people who have weak minds. You need to be confident in all your moves and get ready to take the financial responsibility if it goes wrong. But it’s not as easy as a light bulb switch.

Well, you do have a point, but what if that person really wants to start trading? I know trading is risky and can be dangerous to beginners, but if they do not start anything, they will not be able to learn it and actually earn from it. trading may be risky, but if done correctly with enough knowledge, skills, and experience, a trader will for sure earn a lot and can survive in trading. For the advice that OP is asking, like I said, invest first in honing the skills, gathering knowledge, and building up the experience. For me, these are the three main components a trader should work on, because if a trader will do this, then surely in time that trader could become successful in trading. Losing a trade is common, even for an expert in trading. The thing is, how will traders cope with those losses and how will they handle them?

I don't think trading is your go to if you are looking for something to invest. Trading has a high risk of you losing your money if you have no experience or knowledge about trading in the first place. Especially if we are talking about crypto trading where the price sometimes unpredictable and you could lose portion of your money if you are not careful. Stocks and gold would be ideal for you for beginners.

I agree with this. There are still many traders who still trust trading services/experts even though they are selling courses just to make a profit because basically there are no accurate predictions. Logically, if they were good at forecasting it would be impossible for them to sell courses because they would be busy trading and always make big profits.

There will always be people who claim to be experts in trading, and the average victim is a beginner who has just entered the world of trading. In today's digital era, it is very easy to get information for free, we can learn it easily as long as we are willing to search and study it diligently. There are lots of references that we can get and with these references we can collaborate with our own research to produce the right trading decisions. Maybe one more addition, always learn from mistakes and evaluate every decision so that we can continue to learn from mistakes and the point is that learning to trade must be done with practice, not just theory.

I totally agree with you, although some people are really mistaken for the two, most people think the both are two the same thing but forgetting it's a different thing, like the risks, time, energy and so on, trading requires all this while investing doesn't.

And also trading is not something you can easily predict just like gambling as you mentioned earlier, without patient, one can't really profit or cope with it, if they doesn't have enough patient to withstand.

Every person who experiences a loss in the trading they do, of course, this is not the end of their journey in trading and it would be better for them to be able to learn from it so that they no longer repeat the mistakes they made. After they can correct the mistakes, they can try again to do it correctly. in order to get the results they want, giving up is of course not the right choice if they can still fix the mistakes they made and if they can't fix them of course they can stop so they don't continue to experience losses.

It is not right or wrong because it's individual preference. Someone who says it's wrong can go ahead to do the supposedly right thing and still not excel. My advice would be to know that losses aren't the end of the world. What I am saying is that you will lose money, and despite knowing that it's part of the game, it can be very draining and tiring to continue. But don't give up, unless you figure that it's not what is meant for you.

you know in this forum we are all here to learn it might be me to learn more about investing money in Bitcoin, maybe it's a friend of mine that wants to start up investment but he's looking for a reliable platform for him to start investing. So have to give a try and ask here on forum, is it bad? Because the last time that I checked I have lent a lot on here about investing and trading, so only my opinion won't be nice towards it that's why i decided to ask on here. I know forum is the best place to learn someone also referred here and now I'm really doing great with, so many things i don't know before but right now forum have thought me more.

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.