Post
Topic
Board Trading Discussion
Re: The Path to Profit: A Trader's Emotion & Terminologies Everyone should Know
by
freedomgo
on 09/09/2023, 21:50:56 UTC
If someone wanted to know all these terms before trading, he would not start his trading journey. Sometimes it requires some bold decisions and preliminary knowledge about trading because in the end, one hour of actual trading may be worth several hours of books and theoretical reading.
Also, the cryptocurrency market is very volatile and difficult to predict, so knowing the basics of technical analysis, tracking news, support levels, resistance, Fibonacci, averages and learning how to manage risks is essential before starting trading.
As traders, what we all need are just basics in trading and as experience goes on, we come to increase our learnings as well through concrete examples. Even professional traders may have not known all of these and yet, they still end up with decent profits every time they trade. But if you can study all the relevant terms needed in trading, then much better. Trading is a battle of human mind and emotions, so if you have an edge on it, you will have bigger chances to succeed in trading.