Quote from: AnonBitCoiner on March 22, 2024, 05:59:18 PM

Quote from: shawonngp on March 19, 2024, 02:02:41 PM

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.

Knowledge, experience and money all are important for trading because if you have money but no knowledge then you will loss this money but if you have no money but have knowledge then you cannot use your knowledge without use of money.

We cannot avoid money and knowledge in trading because both are compulsory therefore keep getting knowledge as you will continuously learn new things according to the market. Getting Knowledge never ends because if one can get complete knowledge then experts will never loss their money in trading.

We can say that the most important things needed to be successful in trading is knowledge and money. But the irony is that these two are never in abundant to one person or it can rarely be. This means while some has knowledge some others do not have knowledge but they have the money. The money is nothing without the knowledge and also the knowledge is nothing without the money. Both compliment each other in order to be successful in cryptocurrency trading. But now if we are asked to choose the more important between knowledge and money, we could say that knowledge is more important. This is because someone can actually give you some money to trade and return profit for them if you have the knowledge. But having money without the knowledge is disastrous because you will always be tempted to trade even when you don't have the basic knowledge and the inevitable end is blowing up your account severally.
Returning back to op, it is important to observe all the rules in the picture above, however a trader is supposed to understand himself if he can actually trade or not. As funny as it sounds, trading is not for everyone.