Been trading for quite a while now and it took me time to get to where i am today coming from a noob in trading. Trading cryptocurrencies was one hell of an experience for me.
The first cryptocurrency i traded back in late 2018 was bitcoin and i lost a whole lot of money trading it. I guess i didn't learn enough about the crypto market and the volatility involved before delving into it.
Ever since then, i picked another instrument of choice. I went into the FOREX trading. I plan on coming back into trading cryptocurencies but for now i'm still learning about the crypto market.
It was a painful experience though
What was your experience?
I was trading cryptocurrencies actively 2 years ago and I had lots of missed profit opportunities rather than losses.I just can't sell my Bitcoins at the right time.This was(and still is) more of an annoying experience rather than painful.
You have to know that less than 3% of all traders(it doesn't matter if it's forex or crypto) are making high and consistent profits.
Think about that,before you decide to dive in the world of crypto trading.Knowledge and experience are necessary,but sometimes they are not enough.