Quote from: mexite on October 19, 2021, 09:22:34 PM

Quote from: Tessnik on October 14, 2021, 09:52:00 AM

Hello, friends, I have a request on trading skills that prompt this request is because of my recent experience in trading I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.
Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

It's not advisable to throw a big amount of money, which would pain you if lost, at a trade that you lack the skills to manage. With a proper understanding of technical analysis (TA) and fundamental analysis (FA), you can begin to master crypto trading. TA helps you to understand and predict the price pattern while a good FA mostly pushes the price up.

If you have bought in good coins/tokens, even if the prices dipped, they would most likely rise again in a bull market. So you need patience as a virtue. Unless you are trading futures, you don't lose your money in spot trading until you sell the token at a loss.

Master yourself first (emotions, patience, risk appetite, etc) before you master your trade.

You are right using huge amount of capital as a newbie in trading can lead to a careless trading decision as you have too much to throw around until you lose everything then start all over again.