Quote from: Dimitri94 on Today at 04:13:34 PM

Quote from: Kara3 on October 07, 2023, 10:28:17 PM

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.
There are common mistakes they usually makes which are,
_ Not doing enough research: knowledge is key in trading , knowing the craft is very important, take your time to study the market, analyse chart pattern, and stay updated to news that can impact your trade.

Remember trading requires not just strategy, but discipline

To the newbies, trading seems entirely like a platform where a trader can make profit only by investing money. But the idea changes when they start losing.

A fault at first. Some newbies thought trading is all about making profits, not thinking how much they could lose through it.

Quote from: Dimitri94 on Today at 04:13:34 PM

It is said that everything related to money requires knowledge and trading is no exception. For a trader to trade he must acquire knowledge of many things otherwise he will face loss. A trader must develop a risk appetite. Before making any investment, he should also do adequate research about the said investment, especially the history, current status and prospects of the asset.

No, a trader only requires money, a platform, a little knowledge to buy and sell. A good trader possesses knowledge through researches, money, platform, enhanced cognitive skills, and discipline. Actually, a mere trader does not think about the risk, it is least of their concern.

Quote from: Dimitri94 on Today at 04:13:34 PM

You have to stick to your own rules. Sometimes there may be various rumors in the market which should be analyzed and decided with your own skills. A trader should be aware of such issues before trading. Since there is no limit to human learning, he must continue to acquire knowledge.

Being involved in trading is being involved to the entirety of crypto space, a small news could spark the status of the market. Every trader should be wary of the events happening around crypto, this is why researches is a good weapon to fight against the volatile market.