Quote from: bettercrypto on Today at 02:39:44 AM

Quote from: jrrsparkles on February 02, 2024, 03:31:52 PM

Quote from: letteredhub on January 27, 2024, 10:52:55 PM

Newbies when it comes to trading you have to work on discovering yourself and not to basically depend on a third-party or trading signals before you can execute a trade. You can rely on signals from those you view as professionals and still would not make profits and the reason for this isn't far fetched from the truth. It is because since it's not your analytics you have no comprehension to build confidence on the basis to why the signal request you to either sell or buy which makes any little falllback, retreat or retracements of the market in the process of your trading causes you a cold feet and extreme fright.

Nobody really knows what happens next so it's basically a gut feel that we have to believe that what we are doing, it can pay off or not. There are some basics which we can learn but no one can make us to be profitable in trading unless it happens on it own and that is why gambling is often compared with trading too which is not 100% right but has its resemblances.

You know trading in the crypto field is the main place for us to generate or get profit. The only problem is that most traders here don't have time to study it properly. What they only heard or watched once is okay with them; what they think is okay, and they understand that they thought it was just that, and they will make money from trading.

So, if you know for yourself that you don't know anything here, you should find out for yourself if you can learn it and really understand it. It's no different from a student studying in school; the only difference is that we ourselves will find a way to learn from it. So the one who will teach us here is also ourselves; how about that? through tools or guidelines that we will learn. If we don't do this, we won't really grow, and in the end, our trading activity will be useless.

I disagree, if someone will make profits from studying the trading completely then most traders will dedicate a year or two to study the trading completely then will become a millionaire in another a year or two later.

But trading doesn't work like that, future is unpredictable we can analyse the market trends with the help of technical analysis but we will never see that the market will behave like that as predicted and for your information even if you use different indicators for the same time period you will get different from the previous results so it may give sn insight but there are lots of other factors too influence the market too.