Post
Topic
Board Trading Discussion
Re: Newbie traders, work on yourself.
by
bettercrypto
on 21/05/2024, 13:57:38 UTC
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.

So the earlier every newbie interested trader understands that the period  he/she could use to seriously learn how to trade no matter how short the period could be in acquiring the right ideas/knowledge about trading to make you selfreliance, you'll be exhuming yourself from days to years of reliance on signals that not even have the potent to making you profit compared to that which comes  directly out of your own self-made analytical work.

Until now, there are still many newbies who have a wrong interpretation of trading; they think it's that easy to get a profit here, they think it's like gambling, or they think just buying and selling is enough to get you called a trader. And the others just heard from others that getting rich or advancing in crypto trading is just that easy.

These are the things that often lead them astray or divert their belief in trading, so they immediately lose their minds that they need to learn it first and learn the basics from the beginning so they can know and do it right. The problem is that they enter the actual trade right away; it would be okay if it were on the spot. The problem is that they immediately enter the futures trade; they don't do research before jumping into the real battle.