Post
Topic
Board Bitcoin Discussion
Re: What was your experience trading cryptocurrency?
by
danggoron
on 11/07/2020, 19:32:10 UTC
The whole idea of trading seems to be the opium in the crypto space. I always like existing in spaces where i have control over situations and looking at the crypto space, trading seems to be the only sector that has that and also keeps you independent. I also noticed that the trading business has maximum risk hovering over it and to avert possible losses, it is wise to go for knowledge first before involving or exposing your funds to trading as you are entirely responsible for what ever the consequences of the trade is whether loss or profit.
We do have freedom in trading, there are many opportunities, but if we do not have the ability to analyze the market, then we cannot see any opportunities. We will not get anything if we only rely on feeling, technical and fundamental analysis must be done, depending on which strategy you like and understand. We also have to remember that nothing is instant, everything requires a process. We never know what successful traders have felt in the past, who knows how many times they have lost, or how many times they have become pessimistic, but it is all a process that must go through to gain valuable experience.