Post
Topic
Board Trading Discussion
Re: Trading is not very easy; it took my friend a long time to understand.
by
BitcoinTurk
on 05/12/2023, 23:09:35 UTC
With trading, you need many things like fundamental knowledge, technical analytic knowledge, discipline and patience. If you are lack of those things or only one  of them, you will fail with trading in a long run.

With investment, it is more easily to manage and you will need to have good fundamental knowledge and patience. Good fundamental knowledge will help you to pick good assets for your investment portfolio. Patience to stick with your investment plan and get profit.

One of best weapons in trading

I definitely support that a person must have all these factors in order to trade and if any of them are missing it will lead to failure in the long term. I would especially like to emphasize again; If even one of these factors is not met there is a high probability of failure in the long term.

As you stated, investing requires the ability to make fundamental analysis and patience. When making a long-term investment, choosing the right financial asset with a good fundamental analysis ability and patiently waiting for this investment to reach the targeted value may be sufficient to be successful.

In other words, the biggest difference between trading and long-term investing is that in trading technical analysis knowledge, fundamental analysis knowledge, patience and discipline requirements must be met completely while in long-term investments only patience and fundamental analysis knowledge are sufficient.