Quote from: Learn Bitcoin on July 27, 2023, 01:35:46 PM

Quote from: uswa56 on July 27, 2023, 01:28:26 PM

I agree with what you said, it is much better to trade spot to minimize risk, especially with minimal knowledge. I think it is important for us to be able to avoid big losses or long financial cycles.
In my opinion, the most important thing to overcome losses or minimize risks in trading is to control oneself from greed.

If someone is good enough at market research and has enough bankroll to overcome the streaks, they can recover the loss and leverage trading too. But, it depends on how many X they choose when they opened the position. It's true that spot trading is safer compared to leverage trading AKA future trading. But, a trader must choose a good currency.

A beginner who is new to crypto trading should start with less volatile currency. Shitcoins are more volatile than Bitcoin. So, if someone starts trading, I would suggest they use Bitcoin and do spot trade. Even if they do future trade, they should use stop loss.

I would say getting bitcoin and holding it until you know very well and you can trade very well, and when you are starting you should start with just a small amount of your bitcoin and that should be how you do it, that's how you should be making profit as well. I am not saying that it would matter, but the difference is that if you do care about it like that and you take care of your money and capital like that, then you are going to end up with a better result one way or another.

It is not going to be something you should care about, but that doesn't mean that you are not going to be able to change anything anytime soon. I believe that we are going to end up with a good change eventually, just not something too radical.