Topic: What your opinion? - page 5. (Read 1473 times)

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 .

Since you have decided to invest online as a beginner, here are some tips I would like to give you. Before you start trading or investing, you must choose a good and trusted exchange. There you trade with the aim of making a profit by depositing some money. If you do not have any idea about this investment and trading then take expert advice you know to improve your skills. If you can't dedicate time to trading then it is definitely better for you to invest. Because trading definitely takes time but if you invest for a long time then surely a future will be good. So if you want to trade long term you should use a secure wallet and buy and hold bitcoins. If you are interested in trading then don't go into trading if you don't know about it as it may risk your money.

macson

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Quote from: aria.newman on May 28, 2023, 10:30:51 AM

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 .

for new people who want to try their luck in trading, what i suggest for the first time is to learn the basics of trading because it is the basic foundation, after that throw away the mindset about;
-trading can make you rich overnight.
-ignoring the discipline in trading and lack of risk management ^{(don't have a plan when to stop loss, buy or sell)}.
-overtrading^{(using capital that you are not ready to lose)} and not having clear goals from the start of trading.

Trading is not gambling and children's play, so don't be trivial and underestimate trading activities.

Yamifoud

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Quote from: jaberwock on May 26, 2023, 02:58:19 AM

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 .

Starting online investment, particularly trading, can be a rewarding endeavor, but it's not without risk. As a beginner, the key is to first educate yourself thoroughly about the markets, trading strategies, and risk management. Understand that it's not a get-rich-quick scheme; it requires patience, discipline, and continuous learning. Start small, diversify your investments, and only invest money you're prepared to lose. It's advisable to consider seeking advice from a financial advisor. Your success in trading largely depends on your ability to make informed decisions, stay updated with market trends, and manage risks effectively.

You can't call trading an investment as it was a really different concept.
Well, anyways, choosing to trade is a good idea for anyone who wants trading but of course, it was not just "wants", it also needs dedication and passion. It is not because we got influenced by others who show their huge income because if you have heard, a lot of people come to trading but guess what, only a few of them succeeded. It is because trading is not an easy job, this is not suitable for impatient people, and most of all, not suitable for emotional individuals.

Jody.Drummer

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Quote from: cydrix on May 23, 2023, 06:31:55 AM

Understanding the different asset categories is necessary for investing.
In general, it is vital to have an initial purpose other than information before engaging in trading or investing activities. Because trading is full of "surprises," having a goal in mind will make things easier and, more importantly, it will help you develop a strong mindset in the event of an unexpected event.

Yes, there are different types of investment assets and their risks are also not the same. Since we are here in crypto, I will only mention crypto as one of those assets. Cryptos are highly volatile so I think they are the most riskiest asset. One is interested in investing or trading because they want to earn money and each of them has their own reasons on where they will use the profits that they obtain on the said activities.

Having a goal in mind does not make trading easier but if your goals are only easy to achieve then you will not trade long enough. Harder goals are the ones that can make you strong. You will resist the negativities only for it.

We must be easy to know crypto, but the same thing will not happen when we try to understand crypto. I mean there are many factors that we have to understand, not just knowing. Everyone knows what investment is, but not everyone can understand what investment is. It needs to be underlined that just knowing and understanding is something different for me. Understand its nature even more deeply and it will take a very long time to really master it.
Especially for beginners, I would suggest that they should choose carefully who they will follow, because now there are many influencers involved in the crypto field and not all of them can be responsible for what they say.

aria.newman

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Quote from: cydrix on May 23, 2023, 06:31:55 AM

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 .

Starting online investment, particularly trading, can be a rewarding endeavor, but it's not without risk. As a beginner, the key is to first educate yourself thoroughly about the markets, trading strategies, and risk management. Understand that it's not a get-rich-quick scheme; it requires patience, discipline, and continuous learning. Start small, diversify your investments, and only invest money you're prepared to lose. It's advisable to consider seeking advice from a financial advisor. Your success in trading largely depends on your ability to make informed decisions, stay updated with market trends, and manage risks effectively.

jaberwock

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Understanding the different asset categories is necessary for investing.
In general, it is vital to have an initial purpose other than information before engaging in trading or investing activities. Because trading is full of "surprises," having a goal in mind will make things easier and, more importantly, it will help you develop a strong mindset in the event of an unexpected event.

Yes, there are different types of investment assets and their risks are also not the same. Since we are here in crypto, I will only mention crypto as one of those assets. Cryptos are highly volatile so I think they are the most riskiest asset. One is interested in investing or trading because they want to earn money and each of them has their own reasons on where they will use the profits that they obtain on the said activities.

Having a goal in mind does not make trading easier but if your goals are only easy to achieve then you will not trade long enough. Harder goals are the ones that can make you strong. You will resist the negativities only for it.

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Quote from: Twentyonepaylots on May 25, 2023, 09:43:27 AM

Quote from: posi on May 25, 2023, 06:35:57 AM

Quote from: posi on May 25, 2023, 06:35:57 AM

Either trading or investment,
I would always advice,
Have a clear knowledge and understanding before you start,

Don't start with any amount you can't afford to lose,because it's a 50/50 it's either you gain or loose,

Don't invest/trade with loan,
Op this is my little advice....

I completely agree with you that one should not join any market without experience. It is true that their is a 50/50 chance but if you are trading with experience , than you will surely have more profit . There are many other currencies in the market that have risk of loss but Bit Coin is the only one where the risk of loss is the least. Always trade with your own capital, even if it is small, but you cannot trade with a loan, because your mind is always surrounded by risks.

The only way for you to get experience, you need to enter the market, experience can't be bought or learned from books, it's all from your own experience. So how can we gain experience without entering the market?

As a long-term investment, bitcoin can be less risky than altcoins. But if it's a trade, the big or small risk is due to your greed. You can also trade with altcoins with a minimal amount, your risk is minimal. But I agree entirely about only using idle money for investment or trading, absolutely do not use borrowed money, especially for trading.

Agree with these, you need to start somewhere so that you can gain experience in trading, but you should just lessen yung expectations since you are just a newbie. But the most important thing to consider is if you are willing to allot time for you to really had that in depth understanding of trading so that you investment would not be of waste but be the source of more profit in your part. So, I really think that it takes perseverance to really start you journey as a trader so if you think you can't allot time, then consider other things as a form of investment.

Most of the time where expectations would really be on the roof on which most noob would be thinking that they could easily make or generate income through trading despite on having no experience or doesnt

able to experience it beforehand. This is why on the time that they would be making out some active dealings then this is where realization would kick in.They would really be realizing that it isnt simple as it looks or as it sounds. This would really be needing that ample time and dealing which it would be really be that must to have on the time you've decided on engaging with this market. This isnt something that you could really be able to. Experience is a must but if we dont have it then you should take a step little by little and dont make yourself in a hurry because having this kind of behavior would really most likely the
reason on why people do commit out mistakes on sever manner. If we do really just be that realistic into our approach and do on what should be done in slowly pace then thats would really be that preferrable.

Twentyonepaylots

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Either trading or investment,
I would always advice,
Have a clear knowledge and understanding before you start,

Don't start with any amount you can't afford to lose,because it's a 50/50 it's either you gain or loose,

Don't invest/trade with loan,
Op this is my little advice....

I completely agree with you that one should not join any market without experience. It is true that their is a 50/50 chance but if you are trading with experience , than you will surely have more profit . There are many other currencies in the market that have risk of loss but Bit Coin is the only one where the risk of loss is the least. Always trade with your own capital, even if it is small, but you cannot trade with a loan, because your mind is always surrounded by risks.

The only way for you to get experience, you need to enter the market, experience can't be bought or learned from books, it's all from your own experience. So how can we gain experience without entering the market?

As a long-term investment, bitcoin can be less risky than altcoins. But if it's a trade, the big or small risk is due to your greed. You can also trade with altcoins with a minimal amount, your risk is minimal. But I agree entirely about only using idle money for investment or trading, absolutely do not use borrowed money, especially for trading.

Agree with these, you need to start somewhere so that you can gain experience in trading, but you should just lessen yung expectations since you are just a newbie. But the most important thing to consider is if you are willing to allot time for you to really had that in depth understanding of trading so that you investment would not be of waste but be the source of more profit in your part. So, I really think that it takes perseverance to really start you journey as a trader so if you think you can't allot time, then consider other things as a form of investment.

posi

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Either trading or investment,
I would always advice,
Have a clear knowledge and understanding before you start,

Don't start with any amount you can't afford to lose,because it's a 50/50 it's either you gain or loose,

Don't invest/trade with loan,
Op this is my little advice....

I completely agree with you that one should not join any market without experience. It is true that their is a 50/50 chance but if you are trading with experience , than you will surely have more profit . There are many other currencies in the market that have risk of loss but Bit Coin is the only one where the risk of loss is the least. Always trade with your own capital, even if it is small, but you cannot trade with a loan, because your mind is always surrounded by risks.

The only way for you to get experience, you need to enter the market, experience can't be bought or learned from books, it's all from your own experience. So how can we gain experience without entering the market?

As a long-term investment, bitcoin can be less risky than altcoins. But if it's a trade, the big or small risk is due to your greed. You can also trade with altcoins with a minimal amount, your risk is minimal. But I agree entirely about only using idle money for investment or trading, absolutely do not use borrowed money, especially for trading.

bluedeep

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Either trading or investment,
I would always advice,
Have a clear knowledge and understanding before you start,

Don't start with any amount you can't afford to lose,because it's a 50/50 it's either you gain or loose,

Don't invest/trade with loan,
Op this is my little advice....

I completely agree with you that one should not join any market without experience. It is true that their is a 50/50 chance but if you are trading with experience , than you will surely have more profit . There are many other currencies in the market that have risk of loss but Bit Coin is the only one where the risk of loss is the least. Always trade with your own capital, even if it is small, but you cannot trade with a loan, because your mind is always surrounded by risks.

I think investing with loan is not right. If you have any money of your own then you can invest it in Bitcoin. After taking loan from bank you will face lot of problems if the invested money is loss instead of profit. So I think If you can invest with your own money instead of taking a loan, there will be no risk even if it is a small profit.

AnonBitCoiner

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Quote from: cydrix on May 23, 2023, 06:31:55 AM

Either trading or investment,
I would always advice,
Have a clear knowledge and understanding before you start,

Don't start with any amount you can't afford to lose,because it's a 50/50 it's either you gain or loose,

Don't invest/trade with loan,
Op this is my little advice....

One who will follow your advice will become able to get a fruitful results because all these points will lead everyone to a fortunate destination. Sometimes people just pick a point of making money from the details of investment and trading but they ignore the other rules so after using their money they get involved in a difficult task because they don't have learn completely but want to make and earn money and its not possible to earn without realizing the basic points.

Loan for making investment is not a profitable idea but it will maximize your returning amount as if you loss by mistake and through lack of expertise so you will not only sad for your profit but will also be in trouble that how you will return that borrowed amount to the owner so wo all should avoid taking loan if we want to become a tension free.

jeraldskie11

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Understanding the different asset categories is necessary for investing.
In general, it is vital to have an initial purpose other than information before engaging in trading or investing activities. Because trading is full of "surprises," having a goal in mind will make things easier and, more importantly, it will help you develop a strong mindset in the event of an unexpected event.

I agree, but since the Op referring to beginner who want to trade we can highly suggest to invest in Bitcoin because this is the safest than the other cryptocurrencies and in the meantime they can start learning other cryptocurrencies and how it works. In investing, our main purpose is to earn but without information and knowledge we can't possibly earn and it would only risk our capital. Whenever he encounter loses or even price is against him his mindset must be strong enough to handle his emotion that he got from this result because it would lead to bad decisions like selling it instead of holding it.

erixter

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Quote from: Josefjix on May 12, 2023, 07:18:11 AM

Trading as a beginner requires a significant amount of effort in order to secure our daily targets and profits, as well as selecting the trading technique that works best for you. Our first aim is to sell and buy at specific times in order to maximize profits in the market. Invest only what you can afford to lose; it's one of the simplest strategies to stay afloat in the market. Most traders fail due to unplanned budgets and desperation, which causes them to make premature conclusions that result in the liquidation of their portfolio. Trading entails high levels of risk, and we prefer to trade based on the amount of money in our portfolio.

1. Being a newbie in trading you need to have a lot of knowledge and understand the techniques before you starts. Take the time to learn about the fundamentals of trading, including different markets, trading strategies, risk management, and technical analysis. First determine how much amount /capital you have spare or surplus to invest, that’s because you might face losses if some of your decisions are not good. Create a well-defined trading plan that outlines your strategy and risk tolerance also. Trading is an ongoing learning process. Stay updated with market news, follow experienced traders, and regularly evaluate your trades to identify areas for improvement.

cydrix

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Understanding the different asset categories is necessary for investing.
In general, it is vital to have an initial purpose other than information before engaging in trading or investing activities. Because trading is full of "surprises," having a goal in mind will make things easier and, more importantly, it will help you develop a strong mindset in the event of an unexpected event.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: fauzan Ichsan on May 12, 2023, 09:42:45 AM

what is difficult in trading correctly is getting consistent profits, trading is not just selling and buying, but if we have done that, of course we have to determine when to sell and when to buy, not to mention the psychological pressure that must be faced so that it fits our original plan in doing so. trading. but don't worry, because every trader will of course go through this phase at first, and it depends on whether we are able or not to get through that hurdle

Seasoned traders rarely have profiting streaks for long. But they keep repeating what they have been doing for years and not stop after seeing a bad trend or a losing prediction. Their consistency makes them different from others and it's not that are born with a bitcoin spoon at birth. The number of correct trades is not easy to say and it can increase with time and practice but is never hundred percent rather close to that.

I think we should focus more on being consistent and not consisten profits. That reduces the greed and also the bad habits related to speculative trading.

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Quote from: Hypnosis00 on May 12, 2023, 07:56:01 AM

The interesting part of trading is very easy to start, just choose the preferred trading platform, then create an account, deposit some amounts, and start.

It is not that easy to start trading if you have money, you have a platform and you have created your account.The most important thing for trading is experience. If you don't have trading experience, first you need to get complete knowledge about trading.Starting direct trading can be very risky for newbies thus they may end up losing their assets.

Trading can be a good platform for newbies if they study the market carefully for some time and trade with a dummy account,and when newbies start trading with real money, start trading with a very small amount,because the risk of loss is minimal.And when fully mastered and experienced, then definitely trade with more money.

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Quote from: Hypnosis00 on May 12, 2023, 07:56:01 AM

Quote from: Hypnosis00 on May 12, 2023, 07:56:01 AM

Your prefer choice is trading. Even as a beginner you can trade but have to be careful and use only what you can offer to lose and when it happened it will not pain you. You have to trade with a very small amount of money at the beginning then you can increase it when you improve on the trading. As a beginner of the trading field, you have to learn very well first before entering the market if not you will lose all you cash and lay blame on people.
You can also leave trading and focus on investment where there is less risk. You only buy and monitor the price and sell whenever it goes up.

The interesting part of trading is very easy to start, just choose the preferred trading platform, then create an account, deposit some amounts, and start. But what next happens is usually terrible things, whether you make bad sell/buy calls, and suffer losses. It is very usual to see online promotions showing passive income in trading but are we sure it was true? People make a try and then see what trading is really about. Sadly, they will tell you how difficult it was in actual trading.

what is difficult in trading correctly is getting consistent profits, trading is not just selling and buying, but if we have done that, of course we have to determine when to sell and when to buy, not to mention the psychological pressure that must be faced so that it fits our original plan in doing so. trading. but don't worry, because every trader will of course go through this phase at first, and it depends on whether we are able or not to get through that hurdle

Tony116

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Your prefer choice is trading. Even as a beginner you can trade but have to be careful and use only what you can offer to lose and when it happened it will not pain you. You have to trade with a very small amount of money at the beginning then you can increase it when you improve on the trading. As a beginner of the trading field, you have to learn very well first before entering the market if not you will lose all you cash and lay blame on people.
You can also leave trading and focus on investment where there is less risk. You only buy and monitor the price and sell whenever it goes up.

The interesting part of trading is very easy to start, just choose the preferred trading platform, then create an account, deposit some amounts, and start. But what next happens is usually terrible things, whether you make bad sell/buy calls, and suffer losses. ...

Indeed, I have never seen a newbie make a profit just starting with trading, even if they have prepared everything well. That is why I often give advice to those who are just beginning to trade, do not rush to make profits even though that is the goal for us to enter the market. As a newbie, you should be prepared to lose and find a way to get up after each failure. Only in that way can we acquire the experience and skills to last long in the market. And to limit risks, beginners should only use the smallest amount of capital to start, should not use large amounts, and think they will make easy profits.

Hypnosis00

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Your prefer choice is trading. Even as a beginner you can trade but have to be careful and use only what you can offer to lose and when it happened it will not pain you. You have to trade with a very small amount of money at the beginning then you can increase it when you improve on the trading. As a beginner of the trading field, you have to learn very well first before entering the market if not you will lose all you cash and lay blame on people.
You can also leave trading and focus on investment where there is less risk. You only buy and monitor the price and sell whenever it goes up.

The interesting part of trading is very easy to start, just choose the preferred trading platform, then create an account, deposit some amounts, and start. But what next happens is usually terrible things, whether you make bad sell/buy calls, and suffer losses. It is very usual to see online promotions showing passive income in trading but are we sure it was true? People make a try and then see what trading is really about. Sadly, they will tell you how difficult it was in actual trading.

Josefjix

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yes