Quote from: Yamifoud on Today at 11:26:56 PM

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Quote from: BITCOIN4X on Today at 06:39:02 PM

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After the decision of the Chinese government to ban mining and cryptocurrency was made public, the market immediately reacted to it by lowering the price. This suggests that any news, positive or negative, affects the price of the cryptocurrency and you can expect a pump or dump accordingly.

Apart from positive and negative news, several factor can affect price, current political condition can also affect price. When we have become a trader, we also have to be prepared with all condition that will affect the price so that we have anticipation when the price drops -10% or more. The best quote here is that we play between price fluctuation and it is our responsibility to be able to anticipate the worst condition.

Well, that was sound good advice.
That is why we should also always have updated the news because they have an effect on the market price, it could be can create small drops and it can cause losses while you are in trading. Anticipation in all matters comes or that possible consequences that you will perhaps encounter while trading is the best move as a trader. Trading is not just easy making money and not all the time we will always make a profit, there are sometimes that we will also experience losses and we should accept the possible outcome either positive or negative result.

Well, news has a huge market influence, and we have to include this when making decisions. But of course, we need to analyze the situation carefully seems some news is created to ruin the market (fake news). But the problem if you are an emotional trader, that might catch your attention and usually get panic.
A trader must have to know how to control this thing as this commonly brings losses. And if we don't learn how to control this, I'm sure that we can never be succeed.

That's from this kind we will know if trading is really for us since not everyone is capable doing a trade especially if they cannot handle their emotions as they only have limited capital to spend on their trades. Many fuds are now destroying the market condition so if we really don't research about the possible out come and just trade out of nowhere then possibly we will lose and turn angry about our result in a day. Maybe before going to trade the one needed to learn by traders is how they can handle the stress of the market before they proceed.