Post
Topic
Board Trading Discussion
Re: Risks to consider before trading?
by
gwdf1
on 17/07/2019, 19:48:52 UTC
Any other risks that I should be aware of before fully immersingm yself into trading crypto?
https://cryptotradernews.com/investing-trading/top-5-risks-to-consider-before-beginning-your-trading-career/
Let me know please, want to get as much help as possible!
For me, mentally fit and emotionally fit, because even you have knowledge and skills these two kinds is essential in trading, especially in emotions. There will be a time that you will lose money because, in trading, unexpected always happens, especially here at cryptos. Also, you know that risk is very high if you invest a massive amount of money that you can't afford to lose so if that happens its much better to prepare your metal emotion.  Smiley
For me, it is always the market cycle risk and the decisions that appear as a result of fluctuation in the market cyclical scenario. I have been in the market for more than four year and understand the market cycle pretty much. The risk associated to the market cycle that is FOMO and panic sell of your Bitcoin are some of the risks that often lead you to loss of value.

Short-term and long-term profit should be considered. You need to work both with the cryptocurrencies that are going to gain soon and with those, which have a good potential in the future (like TRON, for instance).