Post
Topic
Board Trading Discussion
Re: The joy of trading the spot market
by
milewilda
on 30/09/2021, 20:32:00 UTC
When you trade, you need to know when you enter the market and what coin you should buy to give you the profit. It is okay if you make a little profit because I am sure that one day, you can make a big profit and that will be a matter of time because we have so many coins that can have the potential to rise higher.

Trading in the future market seduces many traders to chase the bigger profit from the market's volatility so they are willing to use big money to trade. That will work only if you have skills and experience in analyzing, but you only waste your money and time if it's not.

I suggest you still use spot trading to make a profit because that will be better for you, even if that profit is small.
Not everyone could have a great future in trading. I am a bad trader and I have been around for nearly 9 years very soon, so I could easily say that it is not for me. It requires a few things, you do need to be "smart" but smart comes in all shapes and forms, a very good author that wrote a book that sold tens of millions of copies may fail horribly in trading while a trader that turned 100 bucks into a million dollars in a month may not be able to put two sentences together.

However you do need to be smart about trading, your brain needs to be wired correctly for that specific thing. This is what people are missing in the crypto trading world when they are telling people to be patient and they can learn to trade. I did everything I should do and it is just boring and I get fed up and do silly stuff. I am a great investor I believe, I just buy and ... do nothing and for some reason people think that is hard but it did made me a good profit to do nothing, yet trading is not for me.
Skills,knowledge should be connected with your emotion too because everything wont really be piled up if you do only focus on some factors and not as a whole.Its true that there are things in life which
it isnt really for everybody no matter how hard you do try but still ending up on negative or havent really done much good about it despite on engaging it through years.
Whether you do engage with spot,future or leverage then it doesnt matter because there would be specific level of knowledge and skills for you to handle it out.
If this one ending up for you to be happy or having that passion on pursuing things then go ahead.