Quote from: lalabotax on March 18, 2024, 09:55:05 PM

Quote from: Monarch B on March 16, 2024, 05:19:58 AM

Now-a-days many people are interested in trading. But it is harmful for everyone especially those who are trading without knowing it. They are losing all money despite knowing technical analysis. The main reason is psychological.

Beginners in crypto, who as soon as they dive into the world of crypto immediately trade without preparation, it is not recommended, highly not recommended. Preparation is not only about money, but also about the knowledge you have, and also mental and psychological readiness. You are right and I totally agree with this. Because trading is a high risk thing, we should prepare ourselves wisely, don't just follow other people who are successful in trading.

But unfortunately, many people say, it's not a problem, because learning by doing. That makes sense, but even though you are learning by doing, you still need to have at least some basic knowledge and also mental readiness so as not to cause too much damage to the results and the impact later.

Need to knowledge and money both of important but trading can not be possible without good knowledge it's should be first priority. A lot of people's have money but no basic knowledge, who guys start trading without basic they never make profits in trading, trading is not easy to make money by just following some successful traders without own research.