Post
Topic
Board Trading Discussion
Re: What is Bitcoin trading? can Bitcoin trading profitable without having lost?
by
taufik123
on 30/09/2021, 15:53:31 UTC
-snip-here professional traders all over the world are bound to lose, but they can handle bitcoin well and manage risk well. so in my opinion it is impossible if bitcoin trading does not suffer losses
True, one will suffer losses when trading a speculative asset class but this does not mean that trading itself is a loss of money. For someone who knows how to read charts, they can predict and place orders to juggle between support and resistance levels. By doing this they can cycle money through the bear and bull cycle in turn crunching out a profit.
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which in essence whatever the current market conditions, using technical analysis and fundamental knowledge will provide benefits at every momentum. A professional trader will read the charts easily and determine when to enter and when to exit. But even so, no prediction or chart reading is 100% correct, there will be some errors and some losses. Profit is something that is always desired but loss is something that cannot be avoided. profit and loss is normal.