Post
Topic
Board Trading Discussion
Re: What Is Bitcoin Trading and Why It's risky?
by
socks435
on 24/11/2016, 17:18:49 UTC

Absolutely agreed. And more, beside knowing about trading and how markets works very important thing to choose right market platform or broker. These things bring some risk too.


I really like the illustrations here. This is the basic reactions of people with price movement on trading. But also remeber the Accumulation stage and Distribution stage.

It's really good that you know how to understand the graph on the market and you need to know where to buy and when to sell your coins because if you don't know you can lose your bitcoin or your capital in bitcoin important things is always keep your eyes open.

That is true since trading is also risky and tricky. It needs a carefull analysis too.
That graphic is pure genius I LOL a lot with it but in a serious note we must understand even if you had all the technical skills in the world it does not mean you have the right character and personality to ride the ups and downs of the market, you need a very special personality to do so.
The only problem in trading i think patience if you do not have a patience in trading you will lose..  because bitcoin price is unpredictable and if you are not smart and thinking that the price will going to dump mor just like in illustration the man who has no patience he sell his bitcoin for low price. instead of waiting more time that the price will go back to normal or increase more to make a profit..
So patience is the solution if you are in trading, yeah it is risky if you do not analyze the movement..