Topic: What your opinion? - page 9. (Read 1473 times)

many are keep saying that you should invest in your self but i'm sure that many actually don't even really know the words of investing in ourself, is it education? since many practical trading and investing are actually straying away from the general theory. I'd say you should understand the mechanism of how trading and investment really works, then you'd start to figure out yourself how you really gonna trades and invest, of course understanding the mechanism took quite the time and money but eventually once you understand, you'd have the ability to make your own best decision.

Try to familiarize up things, make your own research and tend to be realistic when it comes to your goals and dont make hurrying up yourself on making money because this is where mistakes and errors do come from.

Try to study up first whether you could take up the risks or not rather than on diving directly without having those kind of hesitation and studying on what you are dealing with.You would be definitely be

losing huge sums if you arent that sensible on what you are doing. Bare up with the risks and tend to study up your errors and mistakes which it would be molding you up as a better
trader or investor on this market but of course it wont really be a smooth sail ride as always.

The perfect advice will be "invest in yourself", why is that? A lot of influential people nowadays are aware that specialized knowledge is so important that it can transmute your ideas into physical reality. In simple words, you can make money in trading if you understand its nature, know how it works and strategies to make money. Actually learning technical analysis is easy, it can take 3 months - 6 months for you to have basic foundation wherein you can already identify and analyze charts. What's hard in trading is the mastering of trading psychology wherein it can take years or more in order to master that kind of skills.

For the beginners out there, better focusing on putting your money on something that can help you to become a knowledgeable or a better trader. If you want free then, try to download ebooks in internet regarding trading or you could watch videos on youtube about trading and all of it are FREE. There are no excuses and alibis that you can think of, take responsibility if you want to make money through trading.

I would suggest that better secure some of your funds in other tangible assets before you explore this volatile market.
Also, as anyone would advise, better use small funds when you are just starting to navigate the world of crypto.
You will always experience loss at some point as you are just speculating what will happen next on the coin you are dealing with.
So before you go big, much better if you have a lot of experiences that you've got under your sleeves to minimize possible losses.

I deliberately bold the word Perfect here. Because I think this assumption will later influence how the nature and attitude of these novice investors towards investment conditions in crypto or online investing here. Why? because nothing is perfect here. Explain to him that online investment in crypto is not perfect. It's not really perfect, but it can really fit and promsiing as expected. But on the other hand, you also have to explain that investments like this also have a high risk. understand first, there is always a risk, the size will depend on what assets are invested and what the conditions are in investing.

Because investing in crypto requires more patience, very good emotional management, otherwise it will be easy to panic and actually do bad things by panic selling at a much cheaper price, which can cause big losses. On the other hand, the investment here must also be careful, never believe anyone who tells you that he can help you get many times the profits easily when investing in certain coins in him. This is a frequent scammers trap. don't get carried away by the hype. In my opinion, it would be better for beginners, they just focus on investing in Bitcoin, they also have to buy Bitcoin on a trusted exchange such as Binance, Coinbase, Kucoin, Kraken, and others before moving it to a personal wallet. , not from people or platforms whose reputation is not clear.

On the time that you do step your foot into this market, then be sure to make yourself that fully aware on whats the risks involved around.There's no way that trading and investment is something that

would so simple on which it would really be just so easy and simple for you to make profits or make income because this is really that a very wrong idea to have.When you are just starting then the piece

of advise is never make yourself that impulsive because if you do end up on this way then you would be basically be making yourself commit lots of errors and mistakes
on which making yourself that desperate would really be leading into that path.

It is highly recommended for every individual to invest, especially investing with bitcoin because bitcoin has the possibility of providing large returns in the future, you decide you want to trade but before that you need to know that trading with Crypto has a high level of risk because the price movement market is very volatile especially If the trading you choose is day trading, then it is very necessary for anyone to learn how to trade properly in advance so as not to experience losses when later facing aggressive market movements.

If I got your question well, you're asking if it's cool for anyone who's new to online stuff to go into investment and trading, right? Well, on my part, I don't see any issue with that; provided the person will know that there's a need to learn the basic skills for that first. Learn how to trade first before trading. That's the way I see it. The same thing applies to whatever investment they want to go into. No one should invest in anything just for the sake of investing.

Losing money is not something we can avoid, it is something that is a vital part of the crypto world and it will keep happening forever. Even the greatest traders end up with a loss and we should be getting more used to it after a while as well. I have been trading for many years, nearly over a decade these days and I still make a loss time to time, quite frequently to be honest.

The thing we need to be careful about is the end game, are you making a profit by the end? Then there is absolutely no problem and you should be happy about it. When I calculate it all, year to year I make a profit and that is what I care about and I am fine with it for sure.

My advice for a beginner wanting to start investing online is to find more info about the investment program. And if it's about bitcoin, try to find info on how to invest in bitcoin correctly so you don't start wrong. Many people invest in bitcoin through one or several programs that use the name "bitcoin" as their investment program. Even bitcoin is not related to any investment program because it stands alone and when people buy it at any price, that is their investment. And when they can hold it until the price rises, their investment value will also increase.

So beginners must be careful if someone offers to join a certain investment program because it has nothing to do with bitcoin. They only use the bitcoin name so many people want to register through their program.

There nothing wrong with trading and been an investor at the same time. I still don't understand why people choose between the two instead of doing the two simultaneously. Investing doesn't takeaway time that you'll say it'll slow down your progress in your trading career. Learn to do both and your financial life will be better.

Trading can be a perfect way of making money online but you shouldn't be in a rush to want to start making the money or you'll fail awfully, take your time, do some learning and then get the capital needed to start. The capital shouldn't be borrowed money as you won't want to start your journey under pressure.

My advice would be testing the waters first before you fully commit yourself to online investment or even day trading. Coming from my experience, it did not go well for me at all in the whole month of my attempt in day trading even in following tutorials in Youtube (I was not really a fan of reading books in trading).

It's perfectly fine to gain losses in the first week since we're still learning the ropes.

My advice will be to wait before using real money to trade the markets, trading may seem like the perfect job for some, but not only it is incredibly difficult, you also need to endure doing nothing for very long periods of time and then out of nowhere you will find yourself making several trades in a matter of minutes, so even traders which are successful burn out and eventually leave trading behind, and as such you must never treat trading as your main source of income.

right, we have to balance theory with practice, where before doing trading practice, we must have sufficient knowledge, so we understand what happens after doing practice. of course we will encounter problems regarding trading discipline, where there is a debate between personal rules that conflict with our emotions, and of course we must be able to align them according to the rules that we have applied

There is one tips that beats all other advice that follows, it is dedication. You should be dicsipline about what you are starting and do it with passion, don't let any other people discourage you and you should not let other people opinion change your set up, if you have an open position, stick to the original plan, don't let other traders FUD you into believing the market is going up or down, and the last one is don't borrow money to start trading, do not try because you may be lucky to make it out but it is a bad practise you may regret if that luck doesn't shine on you.

Nobody is telling you trading is not about risk but in some extent you have to know the basic things of trading before venturing into it, that's what I'm saying in a nutshell, it's very obvious that nobody business that doesn't have trading in it's circles both manual established business have to do with risk measure from my understanding, but I believe that business have procedures and the procedures is what you most follow to the end.

I am gonna say don't do it if you are not a good grasper and sharp with numbers. In addition to all that, you have to have core skills of trading and learning passion. This can take you on a good path of trading. Otherwise, you will be the same person who is trying to recover the losses from the previous trades, then again from the next and next, and so on. It's a big well, you can jump in it, but you will never find a bottom there, all you can do is keep swimming and winning the baits.


Loss is almost everywhere. Whether it's business, a simple job, or gambling, you have to have that risk of money. No one is perfect in any of the sides. We keep learning at every step so let us not talk about whether trading is risky or business is risky. Both of them has got their own risk factors which affects the profitability.

He didn't say it's easy and he admits that he is a beginner and that is why he is here asking for some tips to the experienced people. He is here in a crypto forum so he obviously wants to learn anything related to cryptos only and not forex or stocks and I think cryptos are much easier than those two. Many of us here already did try crypto investing and trading without learning how forex and stocks market works.

Investing was still easier than in trading and I believe over 90 percent who are involved in cryptos are investing. If the OP wants to trade he better start on the learning process first. Then he might need to test what he learn in demo trading before using real money.

Irrespective how much you have, before someone should start up a business you most know and study the kind of business aspiring to go into, its good for someone to go into Trading but I think you have a to examine trading very well to know the rules and regulations before going into it, many people have regretted while involving their funds into Trading because  of the loss that's involved, so I believe that trading you most learn the skill and know when you are supposed to trade and when not. The primary thing is to know the rudiments first by acquiring the knowledge.

Trading and investment are two different things. Trading is for a short while, while investment is for a long term. As a beginner if you want to start trading it is ok to trade but before you start trading you have to make sure you understand bitcoin trading and also the strategy. You can adopt old trading strategy in addition to your own personal trading strategy.
If you wish to invest in bitcoin as a beginner, you need to learn about the investment because it is not same as trading. Bitcoin investment is for the patient one because it takes a little longer time to make a huge profit depending on how much you want to invest with. I will advice you don't invest with all your savings or take a loan to invest in bitcoin because it may not be worth it.