Post
Topic
Board Trading Discussion
Re: How do I not lose money in trading cryptocurrency?
by
kawetsriyanto
on 09/08/2022, 23:02:03 UTC
Is trading like gambling? do you know the meaning of real gambling and how it is different from crypto trading. maybe you need to study it again. Gambling is completely determined by luck, if you don't have luck you will keep losing. different from trading which of course has to do some analysis to determine or predict market prices.
It is true, mate. Trading isn't the same as gambling, gambling purely relies on luck but trading relies on the knowledge and experience of the traders. There is no way in gambling to improve the chance to win, while you can increase the chance to succeed in trading if you have sufficient knowledge and experience. Learning has a big role in trading, otherwise it is useless to do in gambling. So, basically, gambling and trading are quite different, it is the wrong mindset to assume they are the same.

The possibility of losing in trading is very high but we could lessen it if we're fully equipped with knowledge about trading.
Yep, we can minimize the opportunity for losses, by having sufficient knowledge and experience.
However, it doesn't mean removing the chance for losses at all.  Wink