Post
Topic
Board Trading Discussion
Re: What your opinion?
by
Sweetbtc
on 06/04/2023, 12:04:36 UTC
 
Quote
Trading is not the same as investment, both are risky but trading is riskier. For anyone that wants to be a trader, my advice is to never depend on it, start small and use the amount of money that is lower than the amount of money that you can afford to lose to trade. If you continue to trade, you will know which step to take depending on how trading favours you. But just like gambling, never rely on trading, although trading is not gambling.

I think newbies should focus more on investing than trading because trading requires a lot of experience. While in investment you can continue your investment even with less experience. And the risk here is also very less than in trading. Whenever the market goes down, the prices of almost all Altcoin  also go down and this is an opportunity for newbies to buy some coins, And if the market falls further, he should try to minimize his average by buying more. But do it with the understanding that it will be a long-term investment. And diversify their capital in different currencies so that the risk of loss is minimized. I think for newbies in bear market investing in a good project in the market can prove to be the best investment for the long term, And here the risk ratio is also very low.