Post
Topic
Board Trading Discussion
Re: Know it that market is speculative
by
IvugeoEvolutionCoin
on 31/05/2023, 02:59:01 UTC
If the price does not move there is no way people will make money investing or trading a token if the price do not move. Volatility is good if it moves in your direction (long or short). I think the most important thing is to be able to spot the bottom and buy when the price is close to the bottom because the price will always go up from that position, it is easy to stop the bottom than the top this is very important for newbies to learn this will help then in the long term rather than FOMOing into already pumped tokens and they end up being a bagholder
It's true that basically the highly volatile crypto price movement is what makes us able to make a profit,
that's why it's important to have the knowledge and skills,
What is clear is that we have to know when to buy and when to sell.
If a person wants to trade then it is very necessary to have knowledge and skills. Because if a person trades if he does not have knowledge and skills then he will not be able to trade and gain. He will not understand when to buy and when to sell coins.  So trading requires a lot of knowledge and skills.